Leigh Baldwin & CO. LLC Makes New $248,000 Investment in AT&T Inc. (NYSE:T)

Leigh Baldwin & CO. LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,898 shares of the technology company's stock, valued at approximately $248,000.

Other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in AT&T during the 4th quarter worth $27,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth $28,000. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth $30,000. Finally, Tradewinds Capital Management LLC boosted 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 period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" 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. Finally, Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Stock Down 0.1%

T stock traded down $0.03 during midday trading on Tuesday, reaching $27.39. The company had a trading volume of 33,305,162 shares, compared to its average volume of 36,796,935. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $197.09 billion, a P/E ratio of 18.38, a PEG ratio of 3.00 and a beta of 0.42. The company has a 50 day moving average of $27.32 and a two-hundred day moving average of $25.16.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced 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 of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.05%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.