Heck Capital Advisors LLC Makes New Investment in AT&T Inc. (NYSE:T)

Heck Capital Advisors LLC acquired a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,713 shares of the technology company’s stock, valued at approximately $39,000.

Other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in AT&T during the second quarter worth about $44,000. AMF Tjanstepension AB raised its position in shares of AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares in the last quarter. Czech National Bank lifted its holdings in shares of AT&T by 6.9% during the 3rd quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after acquiring an additional 94,312 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of AT&T by 27.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 13,740 shares of the technology company’s stock worth $302,000 after acquiring an additional 2,932 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of AT&T by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 131,975 shares of the technology company’s stock worth $2,903,000 after acquiring an additional 37,162 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank upped their target price on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 28th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company reduced their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Finally, Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.11.

AT&T Trading Down 1.2 %

NYSE:T opened at $23.74 on Monday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.67 and a current ratio of 0.66. The firm’s fifty day moving average is $22.92 and its 200-day moving average is $21.64. The firm has a market cap of $170.34 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities analysts expect that AT&T Inc. will post 2.12 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. AT&T’s payout ratio is currently 74.50%.

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.