Financial & Tax Architects 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 filing with the SEC. The fund acquired 269,712 shares of the technology company's stock, valued at approximately $6,141,000. AT&T makes up 1.6% of Financial & Tax Architects LLC's portfolio, making the stock its 24th biggest holding.
Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position 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 purchasing an additional 841 shares during the period. Altshuler Shaham Ltd bought a new stake in AT&T during the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.
AT&T Price Performance
Shares of NYSE T traded up $0.28 on Friday, hitting $22.30. The company's stock had a trading volume of 33,632,584 shares, compared to its average volume of 28,784,102. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $21.31. The company has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03.
AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the business earned $0.64 earnings per share. AT&T's revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that AT&T Inc. will post 2.2 EPS for the current year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T's payout ratio is currently 90.24%.
Analyst Ratings Changes
Several brokerages recently issued reports on T. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Sanford C. Bernstein 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 for the company. Citigroup boosted their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Hsbc Global Res raised AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. 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 research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $25.83.
Read Our Latest Report on T
AT&T Company Profile
(
Free Report)
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.
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