Global Retirement Partners LLC Buys 4,205 Shares of AT&T Inc. (NYSE:T)

Global Retirement Partners LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 136,159 shares of the technology company’s stock after acquiring an additional 4,205 shares during the quarter. Global Retirement Partners LLC’s holdings in AT&T were worth $3,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% during the 3rd 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. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter worth $30,000. Endeavor Private Wealth Inc. bought a new stake in shares of AT&T during the 4th quarter worth $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T during the 3rd quarter worth $35,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

AT&T Trading Up 0.6 %

NYSE T opened at $26.23 on Thursday. The business has a 50 day simple moving average of $23.38 and a 200 day simple moving average of $22.20. AT&T Inc. has a one year low of $15.94 and a one year high of $26.35. The stock has a market capitalization of $188.28 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.96 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts expect that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.23%. AT&T’s payout ratio is currently 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.