Leigh Baldwin & CO. LLC Acquires Shares of 10,898 AT&T Inc. (NYSE:T)

Leigh Baldwin & CO. LLC bought 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 filing with the SEC. The firm bought 10,898 shares of the technology company's stock, valued at approximately $248,000.

A number of other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in AT&T during the 4th quarter valued at approximately $28,000. YANKCOM Partnership acquired a new stake in AT&T during the 4th quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of 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 buying an additional 430 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on T. Wells Fargo & Company raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer boosted 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. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Down 0.5%

NYSE T traded down $0.14 during trading on Thursday, reaching $27.37. 12,336,152 shares of the company's stock were exchanged, compared to its average volume of 36,728,491. The company has a 50 day moving average price of $27.34 and a two-hundred day moving average price of $25.20. 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 Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The stock has a market cap of $196.91 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

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). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 4.06%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.