Boothbay Fund Management LLC Increases Holdings in AT&T Inc. (NYSE:T)

Boothbay Fund Management LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 46.7% in the fourth quarter, Holdings Channel reports. The fund owned 1,341,769 shares of the technology company’s stock after acquiring an additional 427,364 shares during the period. AT&T comprises approximately 0.8% of Boothbay Fund Management LLC’s holdings, making the stock its 10th biggest position. Boothbay Fund Management LLC’s holdings in AT&T were worth $30,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter valued at $28,000. Tradewinds Capital Management LLC increased its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares in the last quarter. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at about $30,000. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $26.80 on Friday. The company has a market capitalization of $192.38 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $16.39 and a 52 week 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. The company’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $24.31.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. AT&T’s payout ratio is presently 68.10%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on T shares. TD Securities upped their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday. Oppenheimer raised their target price on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.62.

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.