Advanced Portfolio Management LLC Buys Shares of 14,384 AT&T Inc. (NYSE:T)

Advanced Portfolio Management LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,384 shares of the technology company's stock, valued at approximately $341,000.

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Several other large investors also recently added to or reduced their stakes in the business. World Investment Advisors LLC boosted its holdings in shares of AT&T by 28.4% during the 3rd quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after buying an additional 38,548 shares during the period. Franklin Resources Inc. boosted its holdings in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after acquiring an additional 2,326,904 shares during the period. Principal Financial Group Inc. grew its position in shares of AT&T by 5.1% in the third quarter. Principal Financial Group Inc. now owns 8,306,930 shares of the technology company's stock valued at $182,752,000 after purchasing an additional 402,894 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of AT&T by 42.6% in the fourth quarter. Versant Capital Management Inc now owns 8,740 shares of the technology company's stock worth $199,000 after purchasing an additional 2,610 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of AT&T by 8.4% in the fourth quarter. GAMMA Investing LLC now owns 143,063 shares of the technology company's stock worth $3,258,000 after purchasing an additional 11,088 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 0.0 %

NYSE:T opened at $27.63 on Friday. The company has a market cap of $198.33 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock's fifty day moving average price is $27.06 and its two-hundred day moving average price is $24.52. AT&T Inc. has a 52-week low of $16.73 and a 52-week high of $29.03.

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AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

Wall Street Analyst Weigh In

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T has been the topic of a number of research analyst reports. Barclays raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Finally, Tigress Financial upped their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

Get Our Latest Analysis on AT&T

AT&T 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.

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