11,023 Shares in AT&T Inc. (NYSE:T) Bought by Disciplined Investors L.L.C.

Disciplined Investors L.L.C. acquired a new position in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,023 shares of the technology company's stock, valued at approximately $238,000.

Several other large investors have also added to or reduced their stakes in T. OneAscent Financial Services LLC boosted its position in AT&T by 14.8% during the fourth quarter. OneAscent Financial Services LLC now owns 44,569 shares of the technology company's stock valued at $1,015,000 after purchasing an additional 5,750 shares during the last quarter. Ardmore Road Asset Management LP raised its stake in shares of AT&T by 66.7% during the 4th quarter. Ardmore Road Asset Management LP now owns 1,500,000 shares of the technology company's stock worth $34,155,000 after purchasing an additional 600,000 shares in the last quarter. Private Portfolio Partners LLC boosted its holdings in shares of AT&T by 4.9% in the 4th quarter. Private Portfolio Partners LLC now owns 18,144 shares of the technology company's stock valued at $413,000 after buying an additional 841 shares during the last quarter. Intrepid Capital Management Inc. boosted its holdings in shares of AT&T by 21.8% in the 4th quarter. Intrepid Capital Management Inc. now owns 18,073 shares of the technology company's stock valued at $412,000 after buying an additional 3,234 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC bought a new position in shares of AT&T in the fourth quarter valued at $259,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on T. Tigress Financial increased their price target on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Oppenheimer raised their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Sanford C. Bernstein upped their price objective on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group lifted their target price on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.21.

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AT&T Price Performance

NYSE:T traded down $1.95 during trading hours on Friday, reaching $26.65. 61,325,675 shares of the company were exchanged, compared to its average volume of 36,440,035. The business has a 50 day moving average of $26.18 and a 200 day moving average of $23.70. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $191.27 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.42.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is presently 74.50%.

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.