Transcend Capital Advisors LLC Has $1.24 Million Stake in AT&T Inc. (NYSE:T)

Transcend Capital Advisors LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 32.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,400 shares of the technology company's stock after purchasing an additional 13,470 shares during the period. Transcend Capital Advisors LLC's holdings in AT&T were worth $1,239,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter valued at approximately $25,000. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter worth $34,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on T shares. Scotiabank raised their price target on shares of AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 28th. Sanford C. Bernstein boosted their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.33.

AT&T Stock Up 1.9 %

T opened at $26.64 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.72. The company has a market cap of $191.19 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a 50 day moving average of $23.50 and a 200 day moving average of $22.28.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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%. On average, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio is presently 74.50%.

AT&T 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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