Forum Financial Management LP Has $3.55 Million Stock Holdings in AT&T Inc. (NYSE:T)

Forum Financial Management LP raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 39.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,081 shares of the technology company's stock after buying an additional 43,966 shares during the period. Forum Financial Management LP's holdings in AT&T were worth $3,554,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC boosted its stake in AT&T by 4.6% in the 4th quarter. Daymark Wealth Partners LLC now owns 27,784 shares of the technology company's stock worth $633,000 after purchasing an additional 1,212 shares during the period. Janney Montgomery Scott LLC lifted its stake in AT&T by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 2,254,967 shares of the technology company's stock worth $51,346,000 after acquiring an additional 22,342 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its stake in AT&T by 58.1% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 39,670 shares of the technology company's stock valued at $903,000 after acquiring an additional 14,584 shares in the last quarter. Red Door Wealth Management LLC increased its holdings in shares of AT&T by 5.2% in the 4th quarter. Red Door Wealth Management LLC now owns 34,443 shares of the technology company's stock valued at $784,000 after purchasing an additional 1,717 shares during the period. Finally, Secure Asset Management LLC lifted its position in shares of AT&T by 10.0% in the fourth quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company's stock worth $1,016,000 after purchasing an additional 4,060 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on T shares. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Barclays boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Performance

AT&T stock traded up $0.22 during mid-day trading on Wednesday, reaching $27.61. The company had a trading volume of 14,255,704 shares, compared to its average volume of 36,710,065. 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 firm has a market cap of $198.63 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 3.00 and a beta of 0.42. The company has a 50 day moving average of $27.33 and a 200-day moving average of $25.18. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03.

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 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 company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is presently 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.