AT&T Inc. (NYSE:T) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 124.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,011 shares of the technology company’s stock after purchasing an additional 22,746 shares during the quarter. Kathmere Capital Management LLC’s holdings in AT&T were worth $934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC grew its stake in shares of AT&T by 5,378.3% during the second quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after acquiring an additional 3,711 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after acquiring an additional 4,824 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of AT&T by 32.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 27,970 shares during the last quarter. Sierra Summit Advisors LLC grew its stake in AT&T by 32.5% in the second quarter. Sierra Summit Advisors LLC now owns 13,521 shares of the technology company’s stock worth $258,000 after purchasing an additional 3,316 shares in the last quarter. Finally, Wulff Hansen & CO. increased its holdings in AT&T by 1,656.6% in the second quarter. Wulff Hansen & CO. now owns 216,344 shares of the technology company’s stock valued at $4,134,000 after buying an additional 204,028 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T opened at $21.80 on Wednesday. The firm has a market capitalization of $156.42 billion, a P/E ratio of 17.72, a P/E/G ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The firm’s 50-day moving average price is $22.80 and its 200-day moving average price is $21.28. 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 (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Analyst Ratings Changes

T has been the topic of several research analyst reports. Oppenheimer initiated 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. Citigroup lifted their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Sanford C. Bernstein initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.76.

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.