141,640 Shares in AT&T Inc. (NYSE:T) Acquired by Collar Capital Management LLC

Collar Capital Management LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 141,640 shares of the technology company's stock, valued at approximately $3,225,000. AT&T comprises 2.7% of Collar Capital Management LLC's holdings, making the stock its 8th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of AT&T by 5.1% in the third quarter. Principal Financial Group Inc. now owns 8,306,930 shares of the technology company's stock worth $182,752,000 after purchasing an additional 402,894 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its holdings in AT&T by 3.8% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 59,359 shares of the technology company's stock worth $1,352,000 after purchasing an additional 2,197 shares during the period. Bangor Savings Bank grew its position in AT&T by 1.8% in the 4th quarter. Bangor Savings Bank now owns 75,123 shares of the technology company's stock valued at $1,711,000 after buying an additional 1,298 shares in the last quarter. Diversified Trust Co increased its stake in AT&T by 0.7% during the 4th quarter. Diversified Trust Co now owns 170,419 shares of the technology company's stock valued at $3,880,000 after buying an additional 1,192 shares during the period. Finally, Spartan Planning & Wealth Management bought a new stake in shares of AT&T during the 4th quarter worth about $284,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 2.6 %

Shares of NYSE T opened at $28.22 on Wednesday. The stock has a market cap of $203.04 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.00 and a beta of 0.42. The business has a 50 day simple moving average of $27.11 and a 200 day simple moving average of $24.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52 week low of $17.00 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Wall Street Analyst Weigh In

A number of research firms recently commented on T. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Wednesday, January 29th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. Royal Bank of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Wells Fargo & Company upped their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $28.71.

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.

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