New Republic Capital LLC Invests $216,000 in AT&T Inc. (NYSE:T)

New Republic Capital LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,474 shares of the technology company’s stock, valued at approximately $216,000.

Several other large investors also recently added to or reduced their stakes in T. JSF Financial LLC increased its holdings in AT&T by 18.2% during the fourth quarter. JSF Financial LLC now owns 31,392 shares of the technology company’s stock valued at $715,000 after buying an additional 4,827 shares during the period. Sovran Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter worth $856,000. Stonebridge Financial Group LLC bought a new stake in AT&T during the fourth quarter valued at about $253,000. Essex Financial Services Inc. grew its stake in AT&T by 10.2% in the fourth quarter. Essex Financial Services Inc. now owns 95,643 shares of the technology company’s stock valued at $2,178,000 after purchasing an additional 8,837 shares during the last quarter. Finally, BostonPremier Wealth LLC bought a new position in AT&T in the fourth quarter worth about $228,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Royal Bank of Canada boosted their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Evercore ISI lifted their price objective on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Finally, Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given 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 $26.21.

AT&T Stock Performance

NYSE T opened at $24.86 on Tuesday. 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 is $23.04 and its two-hundred day moving average is $21.86. The firm has a market capitalization of $178.38 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.98.

AT&T (NYSE:T) last posted its quarterly 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%. On average, research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.47%. AT&T’s dividend payout ratio (DPR) is 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.