Callan Family Office LLC Invests $1.14 Million in AT&T Inc. (NYSE:T)

Callan Family Office LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 50,247 shares of the technology company's stock, valued at approximately $1,144,000.

Other large investors have also added to or reduced their stakes in the company. Chatham Capital Group Inc. acquired a new stake in shares of AT&T in the 4th quarter worth $421,000. E Fund Management Co. Ltd. raised its stake in AT&T by 64.2% in the fourth quarter. E Fund Management Co. Ltd. now owns 17,761 shares of the technology company's stock valued at $404,000 after buying an additional 6,946 shares during the last quarter. Candriam S.C.A. boosted its holdings in AT&T by 6.7% in the fourth quarter. Candriam S.C.A. now owns 556,249 shares of the technology company's stock worth $12,666,000 after acquiring an additional 34,700 shares in the last quarter. Freestone Capital Holdings LLC boosted its holdings in AT&T by 1.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 148,538 shares of the technology company's stock worth $3,382,000 after acquiring an additional 2,373 shares in the last quarter. Finally, Opulen Financial Group LLC purchased a new stake in shares of AT&T during the fourth quarter worth about $214,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE:T traded up $0.42 during trading on Friday, reaching $27.15. 35,337,449 shares of the company's stock traded hands, compared to its average volume of 40,747,570. The company has a 50-day simple moving average of $24.30 and a 200-day simple moving average of $22.82. The firm has a market cap of $194.85 billion, a PE ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.97.

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AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Scotiabank boosted their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Royal Bank of Canada raised their target price on AT&T from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. UBS Group boosted their price target on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.74.

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.