Morey & Quinn Wealth Partners LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,689 shares of the technology company's stock, valued at approximately $448,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in T. International Assets Investment Management LLC purchased a new stake in AT&T during the 4th quarter valued at $14,700,000. Franklin Resources Inc. raised its position in AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp raised its position in AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after buying an additional 21,927 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in AT&T during the 4th quarter valued at about $691,000. Finally, West Family Investments Inc. boosted its holdings in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after acquiring an additional 15,680 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Analyst Ratings Changes
T has been the subject of a number of research analyst reports. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Wednesday, January 29th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Royal Bank of Canada lifted their price target 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. Citigroup upped their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, New Street Research upgraded AT&T from a "neutral" rating to a "buy" rating in a research report on Tuesday, December 3rd. One investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.79.
Get Our Latest Report on T
AT&T Stock Down 0.0 %
Shares of NYSE:T traded down $0.00 on Friday, reaching $28.20. The company had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.51. The firm's 50 day simple moving average is $25.70 and its 200-day simple moving average is $23.53. The firm has a market capitalization of $202.40 billion, a PE ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.
AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.94%. AT&T's dividend payout ratio is presently 74.50%.
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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