Investor s Fiduciary Advisor Network LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 21,845 shares of the technology company's stock, valued at approximately $497,000.
Other institutional investors have also added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. Endeavor Private Wealth Inc. purchased a new position in AT&T in the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.
AT&T Trading Up 0.2%
NYSE:T traded up $0.04 during trading hours on Wednesday, hitting $26.49. The company had a trading volume of 31,508,089 shares, compared to its average volume of 36,740,874. The stock has a 50-day moving average price of $27.16 and a 200 day moving average price of $24.81. The company has a market capitalization of $190.61 billion, a PE ratio of 17.78, 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 current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.19%. AT&T's dividend payout ratio is currently 68.10%.
Analyst Ratings Changes
A number of equities analysts recently weighed in on T shares. Williams Trading set a $30.00 price target on shares of AT&T in a report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial lifted their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One research 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. According to data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.
Read Our Latest Analysis on AT&T
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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