Neville Rodie & Shaw Inc. Acquires 28,262 Shares of AT&T Inc. (NYSE:T)

Neville Rodie & Shaw Inc. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 92.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,775 shares of the technology company's stock after purchasing an additional 28,262 shares during the period. Neville Rodie & Shaw Inc.'s holdings in AT&T were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP acquired a new position in AT&T during the second quarter worth $23,888,000. Swiss National Bank boosted its stake in shares of AT&T by 0.5% during the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after buying an additional 104,700 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of AT&T by 41.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Caprock Group LLC increased its position in shares of AT&T by 18.3% in the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after acquiring an additional 30,281 shares during the last quarter. Finally, Talbot Financial LLC bought a new stake in AT&T during the third quarter worth about $7,438,000. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock traded down $0.08 during mid-day trading on Monday, reaching $22.59. The company had a trading volume of 34,406,660 shares, compared to its average volume of 29,463,957. The business has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $21.11. The company has a market cap of $162.09 billion, a P/E ratio of 18.37, a P/E/G ratio of 3.60 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period last year, the firm posted $0.64 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.91%. The ex-dividend date is Friday, January 10th. AT&T's dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. Tigress Financial raised their price target on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 27th. New Street Research upgraded shares of AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. Royal Bank of Canada raised shares of AT&T from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $22.00 to $26.00 in a research report on Monday. Sanford C. Bernstein initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective for the company. Finally, Redburn Atlantic raised shares of AT&T to a "strong sell" rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given 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 $25.76.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.