24,292 Shares in AT&T Inc. (NYSE:T) Bought by Retirement Planning Group LLC NY

Retirement Planning Group LLC NY bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,292 shares of the technology company's stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of T. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new position in AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of AT&T during the fourth quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of T traded up $0.18 during mid-day trading on Wednesday, hitting $27.57. 13,515,342 shares of the company traded hands, compared to its average volume of 40,349,070. 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 Inc. has a one year low of $17.11 and a one year high of $29.03. The stock has a market capitalization of $198.35 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 3.00 and a beta of 0.42. The business has a 50-day moving average of $27.33 and a 200 day moving average of $25.18.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.03%. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given 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 $28.71.

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.