J. Goldman & Co LP Takes Position in AT&T Inc. (NYSE:T)

J. Goldman & Co LP bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 591,299 shares of the technology company's stock, valued at approximately $13,464,000.

Several other large investors also recently made changes to their positions in the business. 1620 Investment Advisors Inc. grew its stake in AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of 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 last quarter. BNP Paribas raised its position in AT&T by 1.0% in the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock worth $942,000 after purchasing an additional 430 shares during the period. Whittier Trust Co. raised its position in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after purchasing an additional 433 shares during the period. Finally, Wealthstream Advisors Inc. boosted its holdings in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on T shares. Evercore ISI boosted their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Barclays lifted their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Argus upgraded 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 Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Performance

NYSE T traded down $0.36 on Tuesday, hitting $26.65. 11,794,338 shares of the company traded hands, compared to its average volume of 41,088,016. The business's 50 day moving average price is $27.17 and its 200-day moving average price is $24.80. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $191.75 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The company's revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 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.