Monument Capital Management Invests $518,000 in AT&T Inc. (NYSE:T)

Monument Capital Management acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,745 shares of the technology company's stock, valued at approximately $518,000.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in AT&T during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter worth about $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the 4th quarter worth about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 0.2 %

Shares of AT&T stock traded down $0.06 during trading hours on Thursday, reaching $26.18. 32,739,723 shares of the company were exchanged, compared to its average volume of 37,834,594. The firm has a market cap of $187.95 billion, a PE ratio of 17.57, a PEG ratio of 2.99 and a beta of 0.59. The stock's fifty day moving average is $23.38 and its 200 day moving average is $22.20. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.35.

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 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 research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, January 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on T shares. Evercore ISI boosted their target price on AT&T from $19.00 to $21.00 and gave the stock an "in-line" rating in a report on Thursday, October 24th. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. 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 report on Thursday, February 13th. Finally, Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.33.

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.