AT&T Inc. (NYSE:T) Shares Purchased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. increased its stake in AT&T Inc. (NYSE:T) by 19.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,254 shares of the technology company’s stock after buying an additional 1,663 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in AT&T were worth $235,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.0 %

Shares of T stock opened at $28.20 on Monday. 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 firm has a fifty day moving average of $25.70 and a 200-day moving average of $23.54. The stock has a market cap of $202.40 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.51.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.94%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

T has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Royal Bank of Canada increased their price objective on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, January 16th. Finally, Barclays upped their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.79.

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.