J. Safra Sarasin Holding AG 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 SEC. The firm purchased 28,027 shares of the technology company's stock, valued at approximately $638,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC lifted its stake 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 purchasing an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T during the fourth quarter worth $30,000. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of AT&T in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 57.10% of the company's stock.
AT&T Stock Performance
T traded up $0.20 during trading on Monday, reaching $27.01. The company's stock had a trading volume of 5,630,697 shares, compared to its average volume of 42,364,723. The company has a market capitalization of $193.86 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company's fifty day moving average price is $26.96 and its 200-day moving average price is $24.35. AT&T Inc. has a 52-week low of $16.73 and a 52-week high of $29.03. 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 (NYSE:T - Get Free Report) last released its quarterly earnings data 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). 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%. On average, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. AT&T's dividend payout ratio (DPR) is presently 68.10%.
Analysts Set New Price Targets
T has been the topic of several analyst reports. Barclays increased their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday. Evercore ISI upped 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. StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Finally, Tigress Financial increased their target price on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.62.
View Our Latest Stock Report on AT&T
AT&T Company Profile
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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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