Advanced Portfolio Management LLC Makes New Investment in AT&T Inc. (NYSE:T)

Advanced Portfolio Management LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,384 shares of the technology company's stock, valued at approximately $341,000.

Several other institutional investors have also made changes to their positions in the stock. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC lifted its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in AT&T in the fourth quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.3 %

Shares of T stock traded down $0.09 during trading hours on Monday, hitting $27.52. 21,331,959 shares of the company were exchanged, compared to its average volume of 36,354,095. 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 fifty-two week low of $16.91 and a fifty-two week high of $29.03. The company has a 50 day simple moving average of $27.06 and a two-hundred day simple moving average of $24.56. The firm has a market cap of $198.02 billion, a P/E ratio of 18.47, a P/E/G ratio of 3.00 and a beta of 0.42.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on T. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. StockNews.com upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus 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.