GAMMA Investing LLC Has $1.32 Billion Holdings in AT&T Inc. (NYSE:T)

GAMMA Investing LLC lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 3,166.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,673,496 shares of the technology company's stock after acquiring an additional 4,530,433 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of AT&T worth $1,321,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of T. Minot DeBlois Advisors LLC bought a new position in shares of AT&T during the 4th quarter valued at $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in AT&T in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter worth approximately $28,000. Finally, YANKCOM Partnership acquired a new position in AT&T during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada raised their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Trading Up 1.3%

NYSE T traded up $0.35 during trading hours on Friday, hitting $27.73. The company's stock had a trading volume of 47,953,734 shares, compared to its average volume of 36,897,732. AT&T Inc. has a twelve month low of $17.42 and a twelve month high of $29.03. The firm has a market capitalization of $199.53 billion, a P/E ratio of 18.61, a PEG ratio of 3.00 and a beta of 0.42. 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 stock has a fifty day moving average of $27.36 and a 200 day moving average of $25.27.

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 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 analyst estimates of $30.39 billion. During the same period last year, the company earned $0.55 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

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.