Relyea Zuckerberg Hanson LLC Acquires 6,838 Shares of AT&T Inc. (NYSE:T)

Relyea Zuckerberg Hanson LLC increased its stake in AT&T Inc. (NYSE:T) by 32.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,008 shares of the technology company’s stock after purchasing an additional 6,838 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in AT&T were worth $638,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of AT&T during the second quarter valued at about $30,000. Reston Wealth Management LLC bought a new stake in shares of AT&T during the third quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on T shares. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Tigress Financial upped their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company dropped 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 report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Price Performance

Shares of AT&T stock traded up $0.21 on Friday, reaching $22.23. The stock had a trading volume of 6,004,845 shares, compared to its average volume of 31,169,678. The business’s 50 day moving average is $22.79 and its two-hundred day moving average is $21.28. The company has a market cap of $159.47 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders 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 dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

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.