Crestline Management LP Acquires Shares of 167,041 AT&T Inc. (NYSE:T)

Crestline Management LP bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 167,041 shares of the technology company's stock, valued at approximately $3,804,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at approximately $14,700,000. Consolidated Planning Corp raised its position in AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Keystone Financial Group lifted its stake in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the last quarter. World Investment Advisors boosted its holdings in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new position in shares of AT&T in the 4th quarter valued at $691,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 2.6 %

AT&T stock opened at $28.22 on Wednesday. The firm has a market capitalization of $203.04 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm's fifty day moving average price is $27.11 and its two-hundred day moving average price is $24.63. AT&T Inc. has a 1-year low of $17.00 and a 1-year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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 for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business 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%. AT&T's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. On average, 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 declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.93%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on T shares. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company 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 Thursday, April 24th. TD Securities boosted their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Finally, Argus raised 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. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

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.

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