Forum Financial Management LP Buys 43,966 Shares of AT&T Inc. (NYSE:T)

Forum Financial Management LP grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,081 shares of the technology company's stock after purchasing an additional 43,966 shares during the quarter. Forum Financial Management LP's holdings in AT&T were worth $3,554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of T. M&T Bank Corp boosted its position in AT&T by 1.1% during the 3rd quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock valued at $23,178,000 after acquiring an additional 11,895 shares in the last quarter. Passumpsic Savings Bank grew its stake in AT&T by 12.2% in the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock worth $382,000 after purchasing an additional 1,893 shares during the period. Sculati Wealth Management LLC lifted its position in AT&T by 38.9% during the third quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after buying an additional 12,772 shares during the period. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of AT&T by 6.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock valued at $2,848,000 after buying an additional 7,394 shares in the last quarter. Finally, World Investment Advisors LLC grew its position in shares of AT&T by 28.4% in the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after buying an additional 38,548 shares during the period. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on T shares. Argus raised 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 Thursday, January 16th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. StockNews.com lowered shares of AT&T from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, Citigroup reissued a "buy" rating on shares of AT&T in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

AT&T Trading Up 2.8 %

T traded up $0.75 on Tuesday, hitting $27.08. The company had a trading volume of 26,710,447 shares, compared to its average volume of 36,672,170. AT&T Inc. has a 12-month low of $16.17 and a 12-month high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business's fifty day simple moving average is $26.86 and its 200 day simple moving average is $24.20. The company has a market cap of $194.35 billion, a PE ratio of 18.18, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

About AT&T

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.