Griffith & Werner Inc. Makes New $5.43 Million Investment in AT&T Inc. (NYSE:T)

Griffith & Werner Inc. purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 238,316 shares of the technology company's stock, valued at approximately $5,426,000. AT&T makes up about 3.6% of Griffith & Werner Inc.'s holdings, making the stock its 8th largest position.

A number of other institutional investors also recently modified their holdings of the business. Minot DeBlois Advisors LLC bought a new stake in AT&T during the 4th quarter worth $25,000. Marshall Investment Management LLC bought a new stake in AT&T during the 4th quarter worth $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter worth $30,000. Tradewinds Capital Management LLC grew its position in 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 acquiring an additional 430 shares during the last quarter. Finally, Ball & Co Wealth Management Inc. bought a new stake in AT&T during the 4th quarter worth $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 0.1%

Shares of NYSE:T traded down $0.03 during mid-day trading on Tuesday, hitting $27.39. 32,117,762 shares of the company traded hands, compared to its average volume of 40,611,098. The stock has a market cap of $197.09 billion, a P/E ratio of 18.38, 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 Inc. has a 12-month low of $17.11 and a 12-month high of $29.03. The stock has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $25.16.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS 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 firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the prior year, the company earned $0.55 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid 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 4.05%. AT&T's dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

T has been the topic of a number of analyst reports. TD Securities upped their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Sanford C. Bernstein upped 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. Finally, Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Company 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.