Scissortail Wealth Management LLC Acquires Shares of 101,008 AT&T Inc. (NYSE:T)

Scissortail Wealth Management LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 101,008 shares of the technology company's stock, valued at approximately $1,742,000.

A number of other institutional investors also recently modified their holdings of T. Carmel Capital Partners LLC raised its holdings in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company's stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in AT&T in the 3rd quarter worth about $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T in the 3rd quarter worth about $30,000. FWL Investment Management LLC acquired a new position in AT&T in the 4th quarter worth about $31,000. Finally, Financial Freedom LLC acquired a new position in AT&T in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

Shares of T traded down $0.15 on Tuesday, reaching $16.09. 49,169,633 shares of the company's stock traded hands, compared to its average volume of 38,659,406. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market cap of $115.09 billion, a PE ratio of 8.16, a PEG ratio of 2.46 and a beta of 0.57. The stock's 50 day simple moving average is $17.07 and its two-hundred day simple moving average is $16.48. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $19.92.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period last year, the company posted $0.61 earnings per share. AT&T's revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T's dividend payout ratio (DPR) is 56.63%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, January 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Tigress Financial upped their price target on AT&T from $28.00 to $29.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a "neutral" rating to an "overweight" rating and upped their price target for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Oppenheimer upgraded AT&T from a "market perform" rating to an "outperform" rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.68.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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