Blankinship & Foster LLC Buys Shares of 18,120 AT&T Inc. (NYSE:T)

Blankinship & Foster LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,120 shares of the technology company's stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $28,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC raised its stake in 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 purchasing an additional 430 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T traded up $0.42 during trading hours on Friday, hitting $27.15. The stock had a trading volume of 35,337,449 shares, compared to its average volume of 40,747,570. The company's fifty day moving average is $24.30 and its two-hundred day moving average is $22.82. 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 Inc. has a 52 week low of $15.94 and a 52 week high of $27.97. The stock has a market capitalization of $194.85 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

Several equities analysts recently commented on T shares. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Scotiabank increased their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research note on Monday, March 3rd. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Finally, DZ Bank 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 Wednesday, January 29th. 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 given a strong buy rating to the stock. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.74.

AT&T Company 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.