MetLife Investment Management LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,899,270 shares of the technology company's stock after buying an additional 34,623 shares during the quarter. MetLife Investment Management LLC's holdings in AT&T were worth $43,246,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new position in AT&T in the fourth quarter worth about $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC raised its holdings 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 in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors.
AT&T Stock Performance
T stock opened at $27.12 on Friday. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $194.67 billion, a PE ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42. The business's 50-day moving average price is $26.84 and its two-hundred day moving average price is $24.15.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. As a group, research 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 disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T's dividend payout ratio is currently 74.50%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. StockNews.com cut AT&T from a "buy" rating to a "hold" rating in a report on Thursday. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Finally, BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.24.
Get Our Latest Research Report on AT&T
About AT&T
(
Free Report)
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.
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