MSH Capital Advisors LLC Invests $553,000 in AT&T Inc. (NYSE:T)

MSH Capital Advisors LLC purchased a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 24,269 shares of the technology company's stock, valued at approximately $553,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its position in shares of AT&T by 1.1% in the 3rd quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock worth $23,178,000 after buying an additional 11,895 shares during the last quarter. Passumpsic Savings Bank grew its holdings in shares of AT&T by 12.2% during the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock valued at $382,000 after purchasing an additional 1,893 shares during the last quarter. Sculati Wealth Management LLC lifted its holdings in shares of AT&T by 38.9% in the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock worth $1,003,000 after purchasing an additional 12,772 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in AT&T by 6.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock worth $2,848,000 after buying an additional 7,394 shares during the last quarter. Finally, World Investment Advisors LLC increased its position in AT&T by 28.4% in the third quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after buying an additional 38,548 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.4 %

Shares of AT&T stock traded up $0.10 during midday trading on Friday, hitting $27.12. The company's stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,700,813. The firm has a market capitalization of $194.67 billion, a P/E ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a 50-day simple moving average of $26.84 and a 200-day simple moving average of $24.14.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share 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, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Analysts Set New Price Targets

Several research firms have recently commented on T. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 19th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.24.

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.