Transce3nd LLC Buys New Position in AT&T Inc. (NYSE:T)

Transce3nd LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,990 shares of the technology company's stock, valued at approximately $683,000.

A number of other institutional investors and hedge funds also recently modified their holdings of T. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership acquired a new position in shares of AT&T in the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the fourth quarter worth approximately $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. DZ Bank upgraded 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 boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 19th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a research report on Thursday, February 13th. Finally, Tigress Financial raised their target price 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.24.

AT&T Price Performance

NYSE:T traded up $0.21 during trading hours on Wednesday, reaching $27.17. 43,335,417 shares of the company were exchanged, compared to its average volume of 36,715,798. The business has a 50 day moving average of $26.89 and a 200 day moving average of $24.22. AT&T Inc. has a 1-year low of $16.29 and a 1-year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $195.02 billion, a P/E ratio of 18.23, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date is Thursday, April 10th. 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.