Ossiam Purchases 166,635 Shares of AT&T Inc. (NYSE:T)

Ossiam lifted its position in AT&T Inc. (NYSE:T - Free Report) by 68.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 411,464 shares of the technology company's stock after purchasing an additional 166,635 shares during the quarter. Ossiam's holdings in AT&T were worth $9,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. M&T Bank Corp increased its position in shares of AT&T by 1.1% in the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock worth $23,178,000 after purchasing an additional 11,895 shares during the last quarter. Passumpsic Savings Bank increased its holdings in shares of AT&T by 12.2% in the 3rd quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock worth $382,000 after buying an additional 1,893 shares during the last quarter. Sculati Wealth Management LLC increased 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 buying an additional 12,772 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of 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 valued at $2,848,000 after buying an additional 7,394 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of AT&T by 28.4% during the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after acquiring an additional 38,548 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock opened at $27.12 on Friday. 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 fifty-two week low of $16.17 and a fifty-two week high of $29.03. The firm has a market cap of $194.67 billion, a P/E 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 200-day moving average price is $24.14.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued 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 (DPR) is presently 74.50%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup restated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. StockNews.com downgraded AT&T from a "buy" rating to a "hold" rating in a research report on Thursday. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.

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