Virtu Financial LLC Makes New $392,000 Investment in AT&T Inc. (NYSE:T)

Virtu Financial LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,222 shares of the technology company's stock, valued at approximately $392,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. 1620 Investment Advisors Inc. raised its position in shares of AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after purchasing an additional 421 shares during the period. Tradewinds Capital Management LLC raised its holdings in 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 acquiring an additional 430 shares during the period. Whittier Trust Co. lifted its position in AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after acquiring an additional 433 shares during the last quarter. Wealthstream Advisors Inc. lifted its position in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the last quarter. Finally, Northeast Investment Management boosted its holdings in AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 451 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

NYSE:T traded down $0.00 on Friday, reaching $28.20. The stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $202.40 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51. The stock has a fifty day moving average price of $25.70 and a 200-day moving average price of $23.54.

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 (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. Barclays upped their price target on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Tigress Financial increased their price objective on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Finally, New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.79.

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.