AT&T Inc. (NYSE:T) Shares Bought by Perbak Capital Partners LLP

Perbak Capital Partners LLP boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 58.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,819 shares of the technology company's stock after purchasing an additional 47,731 shares during the quarter. AT&T makes up 1.6% of Perbak Capital Partners LLP's holdings, making the stock its 14th largest position. Perbak Capital Partners LLP's holdings in AT&T were worth $2,956,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Passumpsic Savings Bank grew its holdings in shares of AT&T by 12.2% during the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock worth $382,000 after buying an additional 1,893 shares in the last quarter. Sculati Wealth Management LLC grew its stake in AT&T by 38.9% during the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after acquiring an additional 12,772 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in AT&T by 6.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock valued at $2,848,000 after acquiring an additional 7,394 shares in the last quarter. World Investment Advisors LLC boosted its holdings in shares of AT&T by 28.4% during the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after purchasing an additional 38,548 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of AT&T by 386.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 266,565 shares of the technology company's stock valued at $5,864,000 after purchasing an additional 211,723 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 0.2 %

Shares of NYSE:T traded down $0.04 during trading on Thursday, hitting $27.66. 37,347,113 shares of the company were exchanged, compared to its average volume of 36,401,949. 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's 50 day moving average price is $27.03 and its 200-day moving average price is $24.43. The stock has a market capitalization of $198.53 billion, a P/E ratio of 18.56, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12-month low of $16.73 and a 12-month high of $29.03.

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 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 in the prior year, the company earned $0.55 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Barclays increased their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, TD Securities upped their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

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.