AT&T Inc. (NYSE:T) Shares Purchased by Vivaldi Capital Management LP

Vivaldi Capital Management LP lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 1,191.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 117,744 shares of the technology company's stock after acquiring an additional 108,626 shares during the quarter. Vivaldi Capital Management LP's holdings in AT&T were worth $2,841,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of T. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the 4th quarter valued at $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC raised its stake 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 valued at $30,000 after acquiring an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the fourth quarter worth $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on T shares. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Scotiabank restated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Evercore ISI raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Up 0.6%

NYSE T traded up $0.18 during trading hours on Friday, hitting $27.41. The company had a trading volume of 12,842,889 shares, compared to its average volume of 36,673,481. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03. The firm's 50 day moving average is $27.29 and its 200 day moving average is $25.05. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $197.20 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last announced 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). The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

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.