AT&T Inc. (NYSE:T) Shares Acquired by Joseph Group Capital Management

Joseph Group Capital Management boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 207,165 shares of the technology company's stock after acquiring an additional 20,189 shares during the quarter. AT&T comprises 1.9% of Joseph Group Capital Management's holdings, making the stock its 13th largest holding. Joseph Group Capital Management's holdings in AT&T were worth $4,717,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth $28,000. Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on T shares. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and increased their price target 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, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

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AT&T Trading Up 0.5 %

Shares of T stock traded up $0.15 during mid-day trading on Monday, hitting $28.33. 50,147,997 shares of the company's stock were exchanged, compared to its average volume of 36,244,800. The stock has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a PEG 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 fifty-two week low of $15.94 and a fifty-two week high of $28.55. The stock has a 50-day simple moving average of $25.70 and a two-hundred day simple moving average of $23.54.

AT&T (NYSE:T - Get Free Report) last posted 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%. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. AT&T's dividend 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.