Congress Park Capital LLC Takes $285,000 Position in AT&T Inc. (NYSE:T)

Congress Park Capital LLC purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the technology company's stock, valued at approximately $285,000.

Several other large investors have also added to or reduced their stakes in the stock. Bradley Foster & Sargent Inc. CT boosted its position in shares of AT&T by 1.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company's stock valued at $594,000 after purchasing an additional 570 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of AT&T by 6.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 130,635 shares of the technology company's stock valued at $2,496,000 after buying an additional 7,981 shares in the last quarter. Blair William & Co. IL grew its position in shares of AT&T by 4.4% in the 2nd quarter. Blair William & Co. IL now owns 406,190 shares of the technology company's stock worth $7,762,000 after buying an additional 17,001 shares during the period. Waterloo Capital L.P. bought a new position in shares of AT&T in the 2nd quarter worth about $441,000. Finally, Carolinas Wealth Consulting LLC lifted its position in AT&T by 2.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 23,650 shares of the technology company's stock valued at $452,000 after acquiring an additional 521 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE T traded up $0.28 during midday trading on Friday, hitting $22.30. 33,632,584 shares of the stock traded hands, compared to its average volume of 34,178,367. The firm has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm has a 50-day moving average of $22.79 and a two-hundred day moving average of $21.29.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, equities analysts forecast that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.98%. AT&T's dividend payout ratio (DPR) is 90.24%.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Hsbc Global Res raised AT&T to a "strong-buy" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group lifted their price objective on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.83.

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.