C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 80.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,169 shares of the technology company's stock after acquiring an additional 16,164 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in AT&T were worth $824,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at about $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
Shares of T stock traded up $0.33 during trading hours on Friday, reaching $26.48. 36,300,358 shares of the company's stock were exchanged, compared to its average volume of 37,745,070. The company has a market cap of $190.04 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59. The company's 50 day moving average is $23.44 and its two-hundred day moving average is $22.23. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.
AT&T (NYSE:T - Get Free Report) last released 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%. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.19%. The ex-dividend date was Friday, January 10th. AT&T's payout ratio is 74.50%.
Analyst Ratings Changes
A number of brokerages recently issued reports on T. Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada upped their target price on AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $26.33.
Check Out Our Latest Analysis 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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