Altman Advisors Inc. purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 63,947 shares of the technology company's stock, valued at approximately $1,456,000.
Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in AT&T in the 4th quarter worth about $14,700,000. Franklin Resources Inc. lifted its stake in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp lifted its stake in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares in the last quarter. World Investment Advisors grew its holdings in shares of AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares during the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $691,000. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Price Performance
Shares of T traded up $0.29 during trading hours on Tuesday, reaching $27.49. 25,705,713 shares of the stock traded hands, compared to its average volume of 36,795,363. The company has a market cap of $197.35 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company's 50-day moving average price is $26.65 and its two-hundred day moving average price is $24.03. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $29.03.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 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%. On average, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.04%. AT&T's payout ratio is 74.50%.
Analyst Ratings Changes
Several analysts have commented on T shares. Oppenheimer increased their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Scotiabank lifted their price objective on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.24.
Get Our Latest Analysis on T
AT&T 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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