21,800 Shares in AT&T Inc. (NYSE:T) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,800 shares of the technology company's stock, valued at approximately $496,000.

A number of other institutional investors have also added to or reduced their stakes in T. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC grew its stake in AT&T by 48.6% in the 4th 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 in the last quarter. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T during the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T in the fourth quarter worth $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on T. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Barclays boosted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Trading Down 0.1 %

Shares of T traded down $0.04 during trading hours on Wednesday, reaching $28.12. 28,352,198 shares of the company traded hands, compared to its average volume of 36,388,387. AT&T Inc. has a 12 month low of $17.00 and a 12 month high of $29.03. The company has a market capitalization of $202.35 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $27.11 and its two-hundred day moving average price is $24.63. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. Equities 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 declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. AT&T's payout ratio is currently 68.10%.

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.