Headland Capital LLC Invests $216,000 in AT&T Inc. (NYSE:T)

Headland Capital LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,493 shares of the technology company's stock, valued at approximately $216,000.

Other hedge funds have also bought and sold shares of the company. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter worth about $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its holdings 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 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. purchased a new position in AT&T in the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 0.2 %

Shares of NYSE:T traded down $0.04 on Thursday, hitting $27.66. 37,347,113 shares of the company traded hands, compared to its average volume of 36,401,949. The company has a market cap of $198.53 billion, a PE ratio of 18.56, 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. AT&T Inc. has a 52 week low of $16.73 and a 52 week high of $29.03. The stock has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $24.48.

AT&T (NYSE:T - Get Free Report) last posted its quarterly 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 business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, April 10th. AT&T's payout ratio is currently 68.10%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. TD Securities raised their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a 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 research report on Thursday, February 13th. StockNews.com upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Finally, Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Company 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.