University of Texas Texas AM Investment Management Co. Buys New Stake in AT&T Inc. (NYSE:T)

University of Texas Texas AM Investment Management Co. bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,514 shares of the technology company's stock, valued at approximately $262,000.

Other large investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in AT&T in the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter worth approximately $28,000. Tradewinds Capital Management LLC boosted 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 in the last quarter. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter worth approximately $30,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in AT&T during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE:T traded up $0.22 on Friday, reaching $27.45. 31,763,115 shares of the company were exchanged, compared to its average volume of 36,810,863. The company has a 50-day moving average of $27.30 and a 200-day moving average of $25.13. 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 firm has a market cap of $197.50 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company's quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. TD Securities increased their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One 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 company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

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.