AT&T Inc. (NYSE:T) Shares Purchased by Seven Mile Advisory

Seven Mile Advisory raised its position in AT&T Inc. (NYSE:T) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,521 shares of the technology company’s stock after acquiring an additional 1,434 shares during the quarter. Seven Mile Advisory’s holdings in AT&T were worth $308,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the 4th quarter valued at approximately $28,000. YANKCOM Partnership purchased a new position in shares of AT&T during the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC grew its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

AT&T Price Performance

Shares of T opened at $28.20 on Monday. The firm has a market capitalization of $202.40 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The stock’s fifty day moving average is $25.70 and its 200-day moving average is $23.54. AT&T Inc. has a one year low of $15.94 and a one year high of $28.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last issued 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%. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T’s dividend payout ratio is presently 74.50%.

AT&T Company 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.