Graham Capital Management L.P. raised its position in AT&T Inc. (NYSE:T - Free Report) by 323.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,511 shares of the technology company's stock after purchasing an additional 72,193 shares during the quarter. Graham Capital Management L.P.'s holdings in AT&T were worth $2,152,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new stake in AT&T during the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC increased its position 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 purchasing an additional 430 shares during the period. Endeavor Private Wealth Inc. bought a new position in AT&T during the 4th quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of AT&T in the 4th quarter worth approximately $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
T has been the subject of a number of analyst reports. DZ Bank raised shares of 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. Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Wells Fargo & Company raised their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Evercore ISI increased their price target 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 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 stock. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $28.71.
Get Our Latest Research Report on AT&T
AT&T Stock Performance
T stock traded down $0.58 during midday trading on Tuesday, hitting $26.43. The company's stock had a trading volume of 58,702,618 shares, compared to its average volume of 36,708,966. The stock has a market cap of $190.18 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock's 50-day moving average price is $27.17 and its 200 day moving average price is $24.80. 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 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 period last year, the firm posted $0.55 earnings per share. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors 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 4.20%. AT&T's dividend payout ratio (DPR) is presently 68.10%.
About AT&T
(
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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