Virtu Financial LLC Acquires New Shares in AT&T Inc. (NYSE:T)

Virtu Financial LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,222 shares of the technology company's stock, valued at approximately $392,000.

Several other large investors have also recently modified their holdings of the business. 1620 Investment Advisors Inc. raised its stake in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC raised its holdings 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 valued at $30,000 after acquiring an additional 430 shares in the last quarter. Whittier Trust Co. raised its position in AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after purchasing an additional 433 shares in the last quarter. Wealthstream Advisors Inc. raised its stake in shares of AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares in the last quarter. Finally, Northeast Investment Management increased its holdings in shares of AT&T by 0.9% in the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after buying an additional 451 shares during the period. Institutional investors own 57.10% of the company's stock.

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AT&T Trading Down 0.0 %

T stock traded down $0.00 during midday trading on Friday, reaching $28.20. 35,072,594 shares of the company traded hands, compared to its average volume of 36,189,161. The firm has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.51. The business has a 50 day moving average of $25.70 and a 200-day moving average of $23.53. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on T shares. DZ Bank 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 report on Wednesday, January 29th. Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price for the company. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Finally, New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.79.

AT&T Company 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.