TT Capital Management LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,479 shares of the technology company's stock, valued at approximately $283,000.
Other institutional investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. grew its position in shares of AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after purchasing an additional 421 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the period. Whittier Trust Co. increased 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 in the last quarter. Wealthstream Advisors Inc. raised its holdings in shares of AT&T by 3.7% during the fourth 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 acquiring an additional 451 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Finally, UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.24.
Read Our Latest Stock Report on AT&T
AT&T Stock Performance
T traded up $0.21 during trading on Tuesday, hitting $27.41. The stock had a trading volume of 2,908,980 shares, compared to its average volume of 36,722,315. AT&T Inc. has a one year low of $15.94 and a one 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 firm has a market cap of $196.77 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a 50 day moving average price of $26.65 and a 200-day moving average price of $24.03.
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 analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The company also recently announced 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. This represents a $1.11 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.
AT&T Company Profile
(
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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