Roble Belko & Company Inc Buys 3,636 Shares of AT&T Inc. (NYSE:T)

Roble Belko & Company Inc grew its stake in shares of AT&T Inc. (NYSE:T) by 302.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,837 shares of the technology company’s stock after purchasing an additional 3,636 shares during the quarter. Roble Belko & Company Inc’s holdings in AT&T were worth $110,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 acquiring an additional 841 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in AT&T in the 2nd quarter valued at $30,000. Reston Wealth Management LLC bought a new position in AT&T during the third quarter worth $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the third quarter valued at $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Sanford C. Bernstein assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $25.76.

AT&T Price Performance

Shares of NYSE:T opened at $21.90 on Thursday. The firm has a 50 day moving average of $22.80 and a 200-day moving average of $21.28. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $157.14 billion, a PE ratio of 17.80, a PEG ratio of 3.46 and a beta of 0.59.

AT&T (NYSE:T) last announced 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. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 earnings per share. On average, equities research analysts predict that AT&T Inc. will post 2.2 EPS 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 $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.