Chancellor Financial Group WB LP Makes New $358,000 Investment in AT&T Inc. (NYSE:T)

Chancellor Financial Group WB LP purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,705 shares of the technology company's stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $28,000. Finally, YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter valued at about $30,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of T stock 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 business has a fifty day moving average of $27.36 and a 200-day moving average of $25.27. The stock has a market cap of $199.53 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 3.00 and a beta of 0.42. 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 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 return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the business posted $0.55 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current 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 paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. Evercore ISI upped their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Royal Bank of Canada upped their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Barclays boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.