AT&T Inc. (NYSE:T) Stock Position Raised by 626 Financial LLC

626 Financial LLC lifted its position in AT&T Inc. (NYSE:T) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,310 shares of the technology company’s stock after acquiring an additional 614 shares during the quarter. 626 Financial LLC’s holdings in AT&T were worth $758,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Breakwater Capital Group raised its holdings in shares of AT&T by 30.6% during the 4th quarter. Breakwater Capital Group now owns 48,735 shares of the technology company’s stock valued at $1,110,000 after purchasing an additional 11,429 shares in the last quarter. Mendota Financial Group LLC raised its holdings in shares of AT&T by 14,677.8% during the 4th quarter. Mendota Financial Group LLC now owns 2,660 shares of the technology company’s stock valued at $61,000 after purchasing an additional 2,642 shares in the last quarter. Graves Light Lenhart Wealth Inc. raised its holdings in shares of AT&T by 8.6% during the 4th quarter. Graves Light Lenhart Wealth Inc. now owns 21,712 shares of the technology company’s stock valued at $494,000 after purchasing an additional 1,711 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of AT&T by 30.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 6,632 shares of the technology company’s stock valued at $151,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Shira Ridge Wealth Management bought a new position in shares of AT&T during the 4th quarter valued at $238,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Sanford C. Bernstein started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Stock Performance

NYSE T opened at $21.80 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The firm’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $21.28. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The firm has a market capitalization of $156.42 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

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.