Grandfield & Dodd LLC Makes New $206,000 Investment in AT&T Inc. (NYSE:T)

Grandfield & Dodd LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,068 shares of the technology company's stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at about $28,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter worth approximately $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after purchasing an additional 841 shares during the period. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Barclays lifted their target price 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. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their price target on AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Finally, Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $26.74.

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AT&T Price Performance

NYSE T traded up $0.42 during trading on Friday, reaching $27.15. 35,330,113 shares of the company traded hands, compared to its average volume of 40,746,824. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The company has a market cap of $194.85 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. The stock's 50 day moving average price is $24.22 and its two-hundred day moving average price is $22.75. 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 results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date 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.