Bridges Investment Counsel continued to hold its stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,225 shares of the company’s stock at the end of the fourth quarter. Bridges Investment Counsel’s holdings in AT&T were worth $825,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. River & Mercantile Asset Management acquired a new stake in shares of AT&T during the fourth quarter worth about $51,000. Exchange Capital Management acquired a new stake in shares of AT&T during the fourth quarter worth about $285,000. Tirschwell & Loewy raised its stake in shares of AT&T by 13.0% in the fourth quarter. Tirschwell & Loewy now owns 8,447 shares of the company’s stock worth $291,000 after buying an additional 970 shares during the period. M. Kraus & Company raised its stake in shares of AT&T by 1.0% in the fourth quarter. M. Kraus & Company now owns 9,388 shares of the company’s stock worth $323,000 after buying an additional 90 shares during the period. Finally, Lau Associates raised its stake in shares of AT&T by 2.9% in the fourth quarter. Lau Associates now owns 10,692 shares of the company’s stock worth $368,000 after buying an additional 300 shares during the period.

AT&T Inc. (NYSE:T) opened at 36.06 on Friday. The stock has a market cap of $221.59 billion and a PE ratio of 15.22. AT&T Inc. has a 12 month low of $30.97 and a 12 month high of $36.45. The stock has a 50 day moving average price of $34.39 and a 200-day moving average price of $33.70.

AT&T (NYSE:T) last issued its earnings results on Tuesday, January 26th. The company reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The firm earned $42.10 billion during the quarter, compared to analyst estimates of $42.77 billion. During the same quarter in the previous year, the business posted $0.55 EPS. AT&T’s revenue was up 22.2% compared to the same quarter last year. On average, analysts expect that AT&T Inc. will post $2.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 8th will be given a $0.48 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, January 6th. This represents a $1.92 annualized dividend and a dividend yield of 5.32%.

A number of equities analysts have recently commented on T shares. Jefferies Group reissued a “positive” rating and set a $33.77 price objective (down from $40.00) on shares of AT&T in a research report on Wednesday, December 2nd. Nomura started coverage on AT&T in a research report on Friday, October 16th. They set a “buy” rating and a $39.00 price objective for the company. Cowen and Company reissued a “buy” rating and set a $41.00 price objective (up from $40.00) on shares of AT&T in a research report on Tuesday, October 27th. S&P Equity Research reissued a “buy” rating and set a $41.00 price objective on shares of AT&T in a research report on Thursday, December 3rd. Finally, FBR & Co. reissued a “market perform” rating and set a $38.00 price objective on shares of AT&T in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.22.

AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (NYSE:T) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

12 Month Chart for NYSE:T

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