Mariner LLC Acquires 175,391 Shares of AT&T Inc. (NYSE:T)

Mariner LLC boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,754,319 shares of the technology company's stock after purchasing an additional 175,391 shares during the period. Mariner LLC owned approximately 0.07% of AT&T worth $108,233,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Trustmark National Bank Trust Department increased its position in shares of AT&T by 4.4% in the fourth quarter. Trustmark National Bank Trust Department now owns 79,907 shares of the technology company's stock valued at $1,819,000 after acquiring an additional 3,400 shares during the period. Garner Asset Management Corp increased its holdings in AT&T by 6.5% during the 4th quarter. Garner Asset Management Corp now owns 148,399 shares of the technology company's stock valued at $3,472,000 after purchasing an additional 9,088 shares during the period. SageView Advisory Group LLC increased its holdings in AT&T by 47.2% during the 4th quarter. SageView Advisory Group LLC now owns 102,062 shares of the technology company's stock valued at $2,324,000 after purchasing an additional 32,725 shares during the period. O ROURKE & COMPANY Inc raised its position in AT&T by 35.3% during the 4th quarter. O ROURKE & COMPANY Inc now owns 12,610 shares of the technology company's stock valued at $287,000 after purchasing an additional 3,290 shares during the last quarter. Finally, Keystone Financial Group lifted its holdings in AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the period. 57.10% of the stock is owned by institutional investors.

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AT&T Price Performance

NYSE T traded up $0.43 on Monday, reaching $27.22. The company had a trading volume of 27,039,792 shares, compared to its average volume of 36,853,401. The firm's 50 day moving average price is $26.65 and its 200 day moving average price is $24.03. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $29.03. The stock has a market capitalization of $195.39 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. 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 (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued 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 4.08%. AT&T's payout ratio is 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several research reports. UBS Group upped 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. BNP Paribas upgraded 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. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer lifted their price objective on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Argus upgraded 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 equities research analyst has rated the stock with a sell rating, five have issued 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 currently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

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.