NorthRock Partners LLC Purchases 59,691 Shares of AT&T Inc. (NYSE:T)

NorthRock Partners LLC grew its position in AT&T Inc. (NYSE:T - Free Report) by 265.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,188 shares of the technology company's stock after acquiring an additional 59,691 shares during the period. NorthRock Partners LLC's holdings in AT&T were worth $1,871,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of T. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $28,000. YANKCOM Partnership acquired a new stake in shares of AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC lifted its stake 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. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of AT&T stock opened at $26.49 on Thursday. The company has a 50 day moving average of $27.15 and a 200-day moving average of $24.83. The company has a market cap 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. AT&T Inc. has a 1-year low of $17.11 and a 1-year 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.

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 analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T'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 company earned $0.55 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business 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 4.19%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is 68.10%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on T. JPMorgan Chase & Co. raised their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research note on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Finally, Oppenheimer lifted their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.71.

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.

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