Graney & King LLC Purchases New Holdings in AT&T Inc. (NYSE:T)

Graney & King LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,945 shares of the technology company's stock, valued at approximately $249,000.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in AT&T in the fourth quarter worth about $28,000. YANKCOM Partnership bought a new position in AT&T in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake in AT&T by 48.6% in the fourth 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 during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock traded down $0.00 during midday trading on Friday, hitting $28.20. The company's stock had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The stock's 50-day moving average price is $25.70 and its 200-day moving average price is $23.53. The company has a market capitalization of $202.40 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $28.51.

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AT&T (NYSE:T - Get Free Report) last released its 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 net margin of 8.95% and a return on equity of 13.97%. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T's payout ratio is 74.50%.

Analyst Ratings Changes

T has been the topic of several recent research reports. Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. UBS Group increased their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.79.

AT&T 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.