AT&T Inc. (NYSE:T) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 156,081 shares of the technology company's stock after purchasing an additional 43,966 shares during the quarter. Forum Financial Management LP's holdings in AT&T were worth $3,554,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in T. Vanguard Group Inc. boosted its position in shares of AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after buying an additional 2,640,644 shares in the last quarter. GQG Partners LLC increased its holdings in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after buying an additional 5,649,277 shares in the last quarter. Finally, Norges Bank bought a new position in shares of AT&T in the 4th quarter valued at about $1,858,418,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE T traded up $0.10 on Friday, hitting $27.12. 24,758,386 shares of the company's stock traded hands, compared to its average volume of 36,664,188. The firm's 50-day moving average price is $26.84 and its two-hundred day moving average price is $24.15. The firm has a market capitalization of $194.67 billion, a PE ratio of 18.20, a P/E/G 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. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

A number of brokerages have issued reports on T. Citigroup restated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Oppenheimer boosted their price target on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Tigress Financial boosted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. DZ Bank upgraded 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 Wednesday, January 29th. Finally, Scotiabank lifted their price target on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.