TrueMark Investments LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 118,463 shares of the technology company's stock, valued at approximately $2,697,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1620 Investment Advisors Inc. grew its stake in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% during the fourth 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 during the period. Whittier Trust Co. grew its position in shares of AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after acquiring an additional 433 shares during the last quarter. Wealthstream Advisors Inc. increased its holdings in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the period. Finally, Northeast Investment Management lifted its position in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock valued at $1,166,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Price Performance
Shares of NYSE T traded down $0.00 during mid-day trading on Friday, reaching $28.20. The company had a trading volume of 35,072,594 shares, compared to its average volume of 36,189,161. The company has a 50-day moving average price of $25.70 and a two-hundred day moving average price of $23.53. The stock has a market cap of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.51.
AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) 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 analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T's payout ratio is 74.50%.
Wall Street Analysts Forecast Growth
Several research firms have commented on T. The Goldman Sachs Group upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price on the stock. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Barclays upped their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $26.79.
Check Out Our Latest Stock Analysis on T
About AT&T
(
Free Report)
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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