Rahlfs Capital LLC Acquires Shares of 12,252 AT&T Inc. (NYSE:T)

Rahlfs Capital LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,252 shares of the technology company's stock, valued at approximately $279,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the 4th quarter worth approximately $34,000. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on T. Sanford C. Bernstein boosted their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their price objective on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.21.

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AT&T Stock Performance

NYSE T traded down $0.50 during trading on Tuesday, hitting $26.34. The company's stock had a trading volume of 48,017,996 shares, compared to its average volume of 36,681,135. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The firm has a market cap of $189.04 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm has a 50 day moving average price of $26.31 and a 200 day moving average price of $23.80. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is presently 74.50%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.