Forum Financial Management LP increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,081 shares of the technology company's stock after buying an additional 43,966 shares during the quarter. Forum Financial Management LP's holdings in AT&T were worth $3,554,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC bought a new position in AT&T during the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter worth $28,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter worth $30,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in shares of AT&T in the fourth quarter worth $30,000. 57.10% of the stock is owned by institutional investors.
AT&T Price Performance
T stock opened at $27.45 on Friday. The firm has a 50 day moving average price of $27.30 and a 200-day moving average price of $25.09. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The firm has a market capitalization of $197.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last released its 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). 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 for the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors 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 dividend on an annualized basis and a yield of 4.04%. AT&T's payout ratio is currently 68.10%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on T. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Morgan Stanley restated an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Tigress Financial raised their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have assigned 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, AT&T has an average rating of "Moderate Buy" and a consensus price target of $28.71.
Check Out Our Latest Analysis on T
About AT&T
(
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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