38,767 Shares in AT&T Inc. (NYSE:T) Bought by Aspire Growth Partners LLC

Aspire Growth Partners LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel reports. The fund bought 38,767 shares of the technology company’s stock, valued at approximately $883,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter worth $28,000. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC boosted its stake 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 acquiring an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T during the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of AT&T in the 4th quarter valued at about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 0.0 %

Shares of NYSE T opened at $27.63 on Friday. The company has a market capitalization of $198.33 billion, a P/E ratio of 18.54, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a 50 day simple moving average of $27.06 and a 200-day simple moving average of $24.52. AT&T Inc. has a 1 year low of $16.73 and a 1 year high of $29.03.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

T has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of AT&T in a report on Monday, April 7th. Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 price objective on shares of AT&T in a research report on Thursday, April 24th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.71.

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.