13,873 Shares in AT&T Inc. (NYSE:T) Bought by Richmond Investment Services LLC

Richmond Investment Services LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 13,873 shares of the technology company's stock, valued at approximately $316,000.

Other hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in AT&T in the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T in the 4th quarter worth $28,000. Tradewinds Capital Management LLC lifted its stake 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 purchasing an additional 430 shares during the last quarter. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter valued at about $30,000. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T in the fourth quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their price target on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Wells Fargo & Company increased their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Trading Up 0.6%

T traded up $0.18 during midday trading on Wednesday, hitting $27.57. The company's stock had a trading volume of 13,515,342 shares, compared to its average volume of 36,706,351. 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 52-week low of $17.11 and a 52-week high of $29.03. The firm has a market cap of $198.35 billion, a P/E ratio of 18.50, a PEG ratio of 3.00 and a beta of 0.42. The firm has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.18.

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). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders 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 annualized dividend and a yield of 4.03%. AT&T's dividend payout ratio is presently 68.10%.

About AT&T

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.