16,471 Shares in AT&T Inc. (NYSE:T) Acquired by bLong Financial LLC

bLong Financial LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,471 shares of the technology company's stock, valued at approximately $375,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the period. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T in the fourth quarter valued at about $34,000. Finally, Reston Wealth Management LLC purchased a new stake in AT&T in the 3rd quarter valued at approximately $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.6 %

NYSE T traded up $0.16 during trading on Wednesday, hitting $26.23. 30,546,113 shares of the company traded hands, compared to its average volume of 37,993,578. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.35. The business has a fifty day simple moving average of $23.33 and a 200 day simple moving average of $22.17. The company has a market capitalization of $188.28 billion, a P/E ratio of 17.60, a PEG ratio of 2.96 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, sell-side analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.23%. AT&T's payout ratio is presently 74.50%.

Analyst Ratings Changes

Several brokerages recently weighed in on T. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. New Street Research raised shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price on the stock. Finally, Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.33.

AT&T Profile

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.