AT&T Inc. (NYSE:T) Shares Purchased by Edmp Inc.

Edmp Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 115,469 shares of the technology company’s stock after acquiring an additional 852 shares during the period. AT&T accounts for about 2.5% of Edmp Inc.’s portfolio, making the stock its 11th biggest holding. Edmp Inc.’s holdings in AT&T were worth $2,629,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. AMF Tjanstepension AB boosted its stake in AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Ritholtz Wealth Management grew its stake in AT&T by 33.7% during the 3rd quarter. Ritholtz Wealth Management now owns 85,944 shares of the technology company’s stock worth $1,891,000 after buying an additional 21,652 shares during the last quarter. Mechanics Bank Trust Department acquired a new stake in shares of AT&T in the third quarter valued at approximately $210,000. Annex Advisory Services LLC raised its stake in AT&T by 10.7% during the 3rd quarter. Annex Advisory Services LLC now owns 16,053 shares of the technology company’s stock valued at $353,000 after acquiring an additional 1,557 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake in shares of AT&T by 21.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 30,358 shares of the technology company’s stock valued at $668,000 after purchasing an additional 5,320 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock opened at $24.86 on Tuesday. The stock has a market capitalization of $178.38 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The stock’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $21.86. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. 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 (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (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 research analysts expect that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

T has been the topic of several recent research reports. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. 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. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Tigress Financial raised their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley raised 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 report on Monday, December 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.21.

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.