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

Leigh Baldwin & CO. LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,898 shares of the technology company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in AT&T during the fourth quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $28,000. Tradewinds Capital Management LLC grew its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. Finally, YANKCOM Partnership acquired a new stake in AT&T in the fourth quarter valued at approximately $30,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 0.5%

NYSE T traded up $0.13 during trading hours on Wednesday, reaching $27.52. The company had a trading volume of 32,243,667 shares, compared to its average volume of 36,778,823. The stock has a 50-day moving average of $27.33 and a 200 day moving average of $25.18. 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 stock has a market capitalization of $198.02 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its 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 company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the previous year, the company earned $0.55 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.03%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Williams Trading set a $30.00 target price on shares of AT&T in a research note on Thursday, April 24th. Royal Bank of Canada lifted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.71.

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.