L & S Advisors Inc Invests $3.55 Million in AT&T Inc. (NYSE:T)

L & S Advisors Inc acquired a new position in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,014 shares of the technology company's stock, valued at approximately $3,552,000.

A number of other large investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in AT&T during the 4th quarter worth about $28,000. Tradewinds Capital Management LLC grew its holdings in 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 during the period. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth about $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth $34,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of T stock traded up $0.15 on Monday, reaching $28.33. 50,147,997 shares of the company were exchanged, compared to its average volume of 36,244,790. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.55. The business has a 50-day moving average price of $25.70 and a 200 day moving average price of $23.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 3.00 and a beta of 0.56.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. AT&T's payout ratio is 74.50%.

Wall Street Analyst Weigh In

T has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. Finally, Argus 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 research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.00.

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.