AGP Franklin LLC purchased a new position in 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 (SEC). The firm purchased 25,664 shares of the technology company's stock, valued at approximately $584,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the fourth 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 during the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of AT&T in the 4th quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently commented on T. StockNews.com lowered shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday. Oppenheimer boosted their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada lifted their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Finally, Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $27.24.
Check Out Our Latest Stock Report on AT&T
AT&T Stock Performance
T traded up $0.10 during trading on Friday, hitting $27.12. 24,758,386 shares of the company traded hands, compared to its average volume of 36,672,389. The firm has a market cap of $194.67 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a one year low of $16.09 and a one year high of $29.03. The stock's fifty day moving average is $26.80 and its 200 day moving average is $24.11.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently declared 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. AT&T's payout ratio is currently 74.50%.
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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