CoreCap Advisors LLC Acquires 12,489 Shares of AT&T Inc. (NYSE:T)

CoreCap Advisors LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,841 shares of the technology company's stock after acquiring an additional 12,489 shares during the period. CoreCap Advisors LLC's holdings in AT&T were worth $1,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at $30,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the period. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in AT&T during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on T. Evercore ISI upped their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

Shares of T opened at $27.48 on Friday. AT&T Inc. has a 52-week low of $17.04 and a 52-week 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 company has a market capitalization of $197.76 billion, a PE ratio of 18.45, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a 50-day simple moving average of $27.12 and a 200-day simple moving average of $24.69.

AT&T (NYSE:T - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the previous year, the company posted $0.55 EPS. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T's payout ratio is currently 68.10%.

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.

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