Retirement Planning Group LLC NY acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 24,292 shares of the technology company's stock, valued at approximately $553,000.
Other institutional investors have also added to or reduced their stakes in the company. Consolidated Planning Corp increased its position in AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Keystone Financial Group increased its position in AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after acquiring an additional 143,744 shares during the period. World Investment Advisors increased its position in 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 acquiring an additional 63,359 shares during the period. Fortress Financial Solutions LLC acquired a new position in AT&T in the 4th quarter valued at approximately $691,000. Finally, DigitalBridge Group Inc. increased its position in AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.
AT&T Stock Up 0.8%
AT&T stock opened at $27.45 on Friday. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. The firm has a market capitalization of $197.50 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The firm's fifty day moving average price is $27.30 and its two-hundred day moving average price is $25.09. 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 released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the business posted $0.55 earnings per share. The firm's quarterly revenue was up 2.0% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is currently 68.10%.
Analyst Ratings Changes
T has been the subject of several recent analyst reports. Williams Trading set a $30.00 price objective on shares of AT&T in a research report on Thursday, April 24th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. TD Securities increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Royal Bank of Canada increased their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.
Get Our Latest Analysis on T
AT&T Profile
(
Free Report)
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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