AT&T Inc. (NYSE:T) Shares Acquired by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC raised its position in shares of AT&T Inc. (NYSE:T) by 18.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,182 shares of the technology company’s stock after purchasing an additional 6,831 shares during the quarter. Viewpoint Capital Management LLC’s holdings in AT&T were worth $1,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Gladstone Institutional Advisory LLC increased its stake in AT&T by 42.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 101,424 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 30,332 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of AT&T by 345.8% during the 4th quarter. TFB Advisors LLC now owns 51,203 shares of the technology company’s stock valued at $1,166,000 after buying an additional 39,718 shares during the period. Capital Advisors Inc. OK grew its holdings in shares of AT&T by 10.8% during the 4th quarter. Capital Advisors Inc. OK now owns 25,224 shares of the technology company’s stock valued at $574,000 after acquiring an additional 2,453 shares in the last quarter. Certuity LLC increased its position in AT&T by 2.2% in the 4th quarter. Certuity LLC now owns 295,891 shares of the technology company’s stock worth $6,737,000 after purchasing an additional 6,426 shares during the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in AT&T in the fourth quarter worth approximately $691,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several analyst reports. UBS Group lifted their price objective 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. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.21.

AT&T Trading Up 1.2 %

T stock opened at $25.16 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.18. The company has a market cap of $180.50 billion, a P/E ratio of 16.88, a PEG ratio of 2.79 and a beta of 0.59. The business has a fifty day moving average of $23.09 and a 200-day moving average of $21.90.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 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.