Perennial Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,095 shares of the technology company's stock, valued at approximately $230,000.
A number of other institutional investors and hedge funds have also modified their holdings of T. 1620 Investment Advisors Inc. grew its position in AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after acquiring an additional 421 shares during the period. Tradewinds Capital Management LLC grew its position 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 acquiring an additional 430 shares during the period. BNP Paribas grew its position in AT&T by 1.0% in the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company's stock valued at $942,000 after acquiring an additional 430 shares during the period. Whittier Trust Co. grew its position in AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after acquiring an additional 433 shares during the period. Finally, Wealthstream Advisors Inc. grew its position in AT&T by 3.7% in the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares during the period. 57.10% of the stock is currently owned by institutional investors.
AT&T Trading Up 0.5%
Shares of AT&T stock traded up $0.13 during trading hours on Wednesday, hitting $27.52. The company's stock had a trading volume of 12,569,598 shares, compared to its average volume of 36,703,462. 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 of $27.33 and a 200 day moving average of $25.18. The company has a market capitalization of $197.99 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.
AT&T (NYSE:T - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.03%. AT&T's payout ratio is presently 68.10%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on T shares. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Barclays boosted their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Evercore ISI boosted their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One 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's stock. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average target price of $28.71.
View Our Latest Analysis on T
AT&T Profile
(
Free Report)
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.
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