Strategic Financial Concepts LLC Takes Position in AT&T Inc. (NYSE:T)

Strategic Financial Concepts LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,260 shares of the technology company's stock, valued at approximately $757,000.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter worth $25,000. YANKCOM Partnership bought a new stake in shares of AT&T during the fourth quarter worth $30,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the fourth quarter worth $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter worth $35,000. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on T shares. Citigroup boosted their target price on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective for the company. Scotiabank lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 28th. Tigress Financial lifted their price objective on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $26.33.

AT&T Stock Up 1.6 %

NYSE T traded up $0.42 during trading hours on Friday, hitting $26.57. 32,535,995 shares of the company traded hands, compared to its average volume of 37,604,867. The business's 50-day moving average is $23.44 and its 200-day moving average is $22.23. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $26.72. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $190.69 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 3.01 and a beta of 0.59.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.18%. AT&T's payout ratio is 74.50%.

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.