Brevan Howard Capital Management LP Invests $2.28 Million in AT&T Inc. (NYSE:T)

Brevan Howard Capital Management LP purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,286 shares of the technology company's stock, valued at approximately $2,284,000.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of AT&T by 5.1% in the 3rd quarter. Principal Financial Group Inc. now owns 8,306,930 shares of the technology company's stock worth $182,752,000 after acquiring an additional 402,894 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its position in AT&T by 3.8% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 59,359 shares of the technology company's stock worth $1,352,000 after purchasing an additional 2,197 shares in the last quarter. Bangor Savings Bank lifted its position in shares of AT&T by 1.8% during the 4th quarter. Bangor Savings Bank now owns 75,123 shares of the technology company's stock worth $1,711,000 after buying an additional 1,298 shares in the last quarter. Diversified Trust Co boosted its stake in shares of AT&T by 0.7% in the 4th quarter. Diversified Trust Co now owns 170,419 shares of the technology company's stock worth $3,880,000 after buying an additional 1,192 shares during the last quarter. Finally, Spartan Planning & Wealth Management purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $284,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. BNP Paribas raised 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. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Price Performance

Shares of NYSE:T opened at $28.22 on Wednesday. The company's fifty day moving average is $27.11 and its 200 day moving average 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 Inc. has a 52 week low of $17.00 and a 52 week high of $29.03. The stock has a market cap of $203.04 billion, a PE ratio of 18.94, a PEG ratio of 3.00 and a beta of 0.42.

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

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 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.

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