Townsquare Capital LLC Has $17.33 Million Stake in AT&T Inc. (NYSE:T)

Townsquare Capital LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 761,239 shares of the technology company's stock after buying an additional 214,529 shares during the quarter. Townsquare Capital LLC's holdings in AT&T were worth $17,333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 1620 Investment Advisors Inc. increased its holdings in shares of AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings 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 purchasing an additional 430 shares in the last quarter. Whittier Trust Co. raised its position in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after purchasing an additional 433 shares during the last quarter. Wealthstream Advisors Inc. raised its position in AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after purchasing an additional 444 shares during the last quarter. Finally, Northeast Investment Management grew its holdings in shares of AT&T by 0.9% during the fourth quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after purchasing an additional 451 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on T shares. DZ Bank upgraded 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 Wednesday, January 29th. Scotiabank upped their target price on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, April 8th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $27.24.

AT&T Trading Down 0.9 %

AT&T stock traded down $0.24 during mid-day trading on Wednesday, hitting $27.26. 11,928,330 shares of the company's stock were exchanged, compared to its average volume of 42,766,891. AT&T Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $195.68 billion, a P/E ratio of 18.30, a PEG ratio of 3.00 and a beta of 0.42. The company's 50 day simple moving average is $26.71 and its 200-day simple moving average is $24.05.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.07%. AT&T's payout ratio is presently 74.50%.

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.