Stolper Co Acquires 646 Shares of AT&T Inc. (NYSE:T)

Stolper Co boosted its holdings in shares of AT&T Inc. (NYSE:T) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 126,055 shares of the technology company’s stock after buying an additional 646 shares during the period. Stolper Co’s holdings in AT&T were worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of 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 in the last quarter. Altshuler Shaham Ltd bought a new position in shares of AT&T in the second quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $21.90 on Thursday. The firm’s 50 day simple moving average is $22.80 and its 200 day simple moving average is $21.28. The firm has a market capitalization of $157.14 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 3.46 and a beta of 0.59. 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 Inc. has a 1 year low of $15.94 and a 1 year high of $24.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company 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%. AT&T’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. As a group, research analysts expect that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on T. Barclays increased their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. raised their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Tigress Financial boosted their price objective on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company lowered their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

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.