28,292 Shares in AT&T Inc. (NYSE:T) Bought by Rossby Financial LCC

Rossby Financial LCC bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,292 shares of the technology company's stock, valued at approximately $644,000.

A number of other institutional investors have also recently made changes to their positions in T. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter worth $28,000. Tradewinds Capital Management LLC increased 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 worth $30,000 after acquiring an additional 430 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of AT&T in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on T. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. Tigress Financial raised their price target on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. StockNews.com downgraded shares of AT&T from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Sanford C. Bernstein raised their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.

AT&T Trading Up 0.4 %

NYSE:T traded up $0.10 on Friday, hitting $27.12. The stock had a trading volume of 24,758,386 shares, compared to its average volume of 36,672,389. The company has a fifty day moving average price of $26.80 and a two-hundred day moving average price of $24.11. The stock has a market cap of $194.67 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. 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 Inc. has a 1-year low of $16.09 and a 1-year high of $29.03.

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, 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%. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. AT&T's dividend payout ratio is currently 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.