Chatham Capital Group Inc. Acquires Shares of 18,474 AT&T Inc. (NYSE:T)

Chatham Capital Group Inc. purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,474 shares of the technology company's stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Harbor Capital Advisors Inc. bought a new position in AT&T in the third quarter valued at approximately $62,000. M&G PLC bought a new position in shares of AT&T during the third quarter worth $1,007,000. Forte Capital LLC ADV boosted its position in shares of AT&T by 3.6% during the third quarter. Forte Capital LLC ADV now owns 18,952 shares of the technology company's stock worth $417,000 after purchasing an additional 652 shares in the last quarter. Graypoint LLC boosted its position in shares of AT&T by 3.7% during the third quarter. Graypoint LLC now owns 76,286 shares of the technology company's stock worth $1,678,000 after purchasing an additional 2,688 shares in the last quarter. Finally, Advisor Resource Council bought a new position in shares of AT&T during the third quarter worth $303,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target on the stock. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Barclays raised their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. 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 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 $26.74.

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AT&T Stock Performance

Shares of AT&T stock traded up $0.42 during trading on Friday, hitting $27.15. 35,337,449 shares of the stock were exchanged, compared to its average volume of 40,747,570. The stock has a market capitalization of $194.85 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a fifty day moving average price of $24.30 and a 200-day moving average price of $22.82. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. 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 (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

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.