Yoffe Investment Management LLC Makes New Investment in AT&T Inc. (NYSE:T)

Yoffe Investment Management LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,337 shares of the technology company's stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Consolidated Planning Corp increased its position in AT&T by 7.4% during the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares during the period. World Investment Advisors increased its holdings in shares of AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after purchasing an additional 63,359 shares during the period. Fortress Financial Solutions LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $691,000. West Family Investments Inc. lifted its stake in shares of AT&T by 70.4% in the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock valued at $864,000 after buying an additional 15,680 shares during the period. Finally, Huber Capital Management LLC grew its position in AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock worth $13,161,000 after buying an additional 15,000 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 0.7%

NYSE T traded up $0.19 on Friday, reaching $27.57. The company had a trading volume of 3,462,886 shares, compared to its average volume of 36,708,265. The company's fifty day moving average is $27.35 and its 200-day moving average is $25.23. The firm has a market capitalization of $198.37 billion, a price-to-earnings ratio of 18.50, 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 quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1-year low of $17.16 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. 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 dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. TD Securities boosted their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price objective on shares of AT&T in a report on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, BNP Paribas raised 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.