Kornitzer Capital Management Inc. KS Acquires 5,578 Shares of AT&T Inc. (NYSE:T)

Kornitzer Capital Management Inc. KS boosted its holdings in AT&T Inc. (NYSE:T) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 951,145 shares of the technology company’s stock after acquiring an additional 5,578 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in AT&T were worth $21,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in AT&T in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter worth about $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $25.88 on Tuesday. The company has a 50 day moving average of $23.23 and a two-hundred day moving average of $22.08. The company has a market cap of $185.66 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. 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 $25.93.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, analysts predict that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed 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 4.29%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, UBS Group raised their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.33.

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.