Leigh Baldwin & CO. LLC Makes New Investment in AT&T Inc. (NYSE:T)

Leigh Baldwin & CO. LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 248,155 shares of the technology company's stock, valued at approximately $565,000.

Several other large investors have also recently bought and sold shares of T. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at $28,000. YANKCOM Partnership bought a new position in AT&T in the fourth quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its position 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 worth $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of AT&T during the fourth quarter worth about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on T. Williams Trading set a $30.00 price objective on AT&T in a research report on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Tigress Financial lifted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Evercore ISI lifted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Finally, Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Trading Up 1.5%

AT&T stock opened at $27.88 on Monday. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The business's fifty day moving average is $27.15 and its 200 day moving average is $24.77. The stock has a market capitalization of $200.61 billion, a PE ratio of 18.71, 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 (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company 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 was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

About AT&T

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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