Martin Worley Group Makes New $367,000 Investment in AT&T Inc. (NYSE:T)

Martin Worley Group acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,116 shares of the technology company's stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% in the 4th 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 last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on T shares. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Finally, Scotiabank increased their target price on shares of AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.21.

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AT&T Price Performance

Shares of NYSE T traded up $0.45 during trading hours on Thursday, reaching $28.59. 48,884,863 shares of the stock traded hands, compared to its average volume of 36,341,050. The company's 50-day simple moving average is $26.18 and its two-hundred day simple moving average is $23.70. The company has a market capitalization of $205.20 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $29.01. 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 quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm 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 $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is presently 74.50%.

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.