Bcwm LLC Acquires New Holdings in AT&T Inc. (NYSE:T)

Bcwm LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 242,908 shares of the technology company's stock, valued at approximately $5,531,000. AT&T makes up 2.0% of Bcwm LLC's portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently made changes to their positions in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in AT&T in the 4th quarter worth approximately $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the 4th 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. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the fourth quarter valued at $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 1.1 %

AT&T stock traded down $0.31 during trading hours on Wednesday, hitting $28.17. The company had a trading volume of 21,076,032 shares, compared to its average volume of 36,237,144. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $202.21 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a 50-day moving average price of $25.94 and a two-hundred day moving average price of $23.64. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.61.

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AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current 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 paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's dividend payout ratio is currently 74.50%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on T shares. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. Barclays increased their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. The Goldman Sachs Group boosted their price objective on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Tigress Financial raised their price objective on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.21.

AT&T Profile

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.