Kovack Advisors Inc. Has $2.64 Million Stock Holdings in AT&T Inc. (NYSE:T)

Kovack Advisors Inc. increased its holdings in AT&T Inc. (NYSE:T) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,324 shares of the technology company’s stock after purchasing an additional 6,077 shares during the period. Kovack Advisors Inc.’s holdings in AT&T were worth $2,640,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Herold Advisors Inc. increased its holdings in shares of AT&T by 5.9% during the fourth quarter. Herold Advisors Inc. now owns 69,490 shares of the technology company’s stock worth $1,166,000 after buying an additional 3,880 shares in the last quarter. Bryn Mawr Capital Management LLC increased its holdings in shares of AT&T by 22.2% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 228,339 shares of the technology company’s stock worth $3,832,000 after buying an additional 41,481 shares in the last quarter. Rodgers & Associates LTD acquired a new stake in shares of AT&T during the fourth quarter worth approximately $168,000. Semanteon Capital Management LP acquired a new stake in shares of AT&T during the fourth quarter worth approximately $181,000. Finally, Jackson Hole Capital Partners LLC increased its holdings in shares of AT&T by 4.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 134,876 shares of the technology company’s stock valued at $2,263,000 after purchasing an additional 6,083 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays lifted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Scotiabank lifted their price target on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Tigress Financial lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Stock Performance

Shares of T stock traded up $0.17 during midday trading on Friday, hitting $16.75. 37,842,157 shares of the company were exchanged, compared to its average volume of 39,393,957. The firm has a market capitalization of $119.77 billion, a P/E ratio of 9.00, a PEG ratio of 2.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68. The firm’s 50 day moving average price is $16.96 and its two-hundred day moving average price is $16.56. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.16.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.