Zhang Financial LLC Takes $420,000 Position in AT&T Inc. (NYSE:T)

Zhang Financial LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,441 shares of the technology company's stock, valued at approximately $420,000.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in 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. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the third quarter valued at about $35,000. Reston Wealth Management LLC acquired a new stake in shares of AT&T in the third quarter valued at about $35,000. Finally, Altshuler Shaham Ltd bought a new position in shares of AT&T in the second quarter worth about $30,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T traded up $0.20 on Tuesday, hitting $22.49. The stock had a trading volume of 20,334,527 shares, compared to its average volume of 32,858,730. The firm's 50 day moving average price is $22.79 and its 200-day moving average price is $21.37. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a market capitalization of $161.40 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. On average, equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's payout ratio is presently 90.24%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on T. Argus upgraded 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. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded shares of AT&T from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Finally, Evercore ISI increased their target price on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.83.

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.