AT&T Inc. (NYSE:T) is Boothbay Fund Management LLC's 10th Largest Position

Boothbay Fund Management LLC raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 46.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,341,769 shares of the technology company's stock after acquiring an additional 427,364 shares during the period. AT&T comprises approximately 0.8% of Boothbay Fund Management LLC's portfolio, making the stock its 10th biggest holding. Boothbay Fund Management LLC's holdings in AT&T were worth $30,552,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in T. Vanguard Group Inc. raised its holdings in AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after buying an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC raised its stake in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. Finally, Norges Bank purchased a new position in AT&T during the 4th quarter valued at about $1,858,418,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Barclays boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Evercore ISI lifted their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

Shares of NYSE:T traded up $0.23 during midday trading on Wednesday, reaching $27.53. 12,160,048 shares of the company's stock traded hands, compared to its average volume of 36,287,042. 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 one year low of $16.73 and a one year high of $29.03. The company has a market cap of $197.62 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 3.00 and a beta of 0.42. The stock has a 50 day moving average of $27.00 and a 200 day moving average of $24.41.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the previous year, the business earned $0.55 EPS. The business's revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS 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 paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.03%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

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.