Pathstone Holdings LLC Increases Stock Position in AT&T Inc. (NYSE:T)

Pathstone Holdings LLC raised its position in shares of AT&T Inc. (NYSE:T - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 719,915 shares of the technology company's stock after buying an additional 17,787 shares during the period. Pathstone Holdings LLC's holdings in AT&T were worth $16,388,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in AT&T during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in AT&T during the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new position in AT&T during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in AT&T during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on T. Argus raised 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. Royal Bank of Canada lifted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. TD Securities lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. DZ Bank raised 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 Wednesday, January 29th. Finally, Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

T opened at $26.49 on Thursday. The firm has a market cap of $190.61 billion, a P/E ratio of 17.78, a PEG 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 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $24.83. 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 released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company 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%. AT&T's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid 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 payout ratio is 68.10%.

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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