Keystone Financial Group Boosts Stock Position in AT&T Inc. (NYSE:T)

Keystone Financial Group boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 196.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 216,980 shares of the technology company's stock after buying an additional 143,744 shares during the period. Keystone Financial Group's holdings in AT&T were worth $5,322,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $28,000. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter worth about $30,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T during the 4th quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.1 %

Shares of AT&T stock traded up $0.29 during trading on Tuesday, reaching $27.49. The company's stock had a trading volume of 25,705,713 shares, compared to its average volume of 36,795,518. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $29.03. The company has a 50-day simple moving average of $26.71 and a two-hundred day simple moving average of $24.05. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company has a market cap of $197.35 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 3.00 and a beta of 0.42.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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%. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. AT&T's payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on T shares. Oppenheimer boosted 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, April 1st. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. UBS Group raised their price objective on 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 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.