Foundation Wealth Management LLC PA purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,894 shares of the technology company's stock, valued at approximately $453,000.
A number of other hedge funds also recently modified their holdings of T. International Assets Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter valued at about $14,700,000. Franklin Resources Inc. boosted its holdings in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after purchasing an additional 2,326,904 shares in the last quarter. Consolidated Planning Corp raised its holdings in shares of AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $691,000. Finally, West Family Investments Inc. boosted its stake in AT&T by 70.4% in the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after buying an additional 15,680 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on T shares. UBS Group increased their price objective on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. Scotiabank raised their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One equities research 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.79.
Read Our Latest Stock Report on AT&T
AT&T Trading Down 0.0 %
T traded down $0.00 during trading on Friday, reaching $28.20. 35,072,594 shares of the company's stock were exchanged, compared to its average volume of 36,189,161. The company's fifty day moving average price is $25.70 and its 200-day moving average price is $23.53. The firm has a market capitalization of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last announced 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 return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T's dividend payout ratio is 74.50%.
About AT&T
(
Free Report)
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.
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