28,292 Shares in AT&T Inc. (NYSE:T) Acquired by Rossby Financial LCC

Rossby Financial LCC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 28,292 shares of the technology company’s stock, valued at approximately $644,000.

A number of other large investors have also added to or reduced their stakes in T. International Assets Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth $14,700,000. Franklin Resources Inc. boosted its position in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp grew its stake in shares of AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after purchasing an additional 21,927 shares during the period. World Investment Advisors increased its position in shares of AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after purchasing an additional 63,359 shares during the last quarter. Finally, Fortress Financial Solutions LLC bought a new position in shares of AT&T in the 4th quarter worth approximately $691,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 1.5 %

T stock opened at $26.79 on Monday. The firm’s fifty day moving average is $26.59 and its 200 day moving average is $23.99. The firm has a market cap of $192.29 billion, a PE ratio of 17.98, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $15.94 and a one year high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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 forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.14%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on T. Morgan Stanley upgraded shares of 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 research note on Monday, December 16th. Scotiabank boosted their price target on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 8th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Monday, April 7th. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, January 16th. One 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.24.

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.