Occudo Quantitative Strategies LP Acquires New Position in AT&T Inc. (NYSE:T)

Occudo Quantitative Strategies LP acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,214 shares of the technology company's stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC raised 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 acquiring an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the 4th quarter worth approximately $34,000. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on T shares. Morgan Stanley reiterated an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. TD Securities boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

T opened at $27.72 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a fifty day moving average price of $27.18 and a 200 day moving average price of $24.90. The stock has a market cap of $199.43 billion, a P/E ratio of 18.60, a P/E/G 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.

AT&T (NYSE:T - Get Free Report) last announced 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 net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter last year, the business earned $0.55 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts anticipate 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 given a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. AT&T's dividend payout ratio (DPR) is 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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