Inscription Capital LLC Takes Position in AT&T Inc. (NYSE:T)

Inscription Capital LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,688 shares of the technology company’s stock, valued at approximately $1,179,000.

Several other large investors have also recently added to or reduced their stakes in T. Keystone Financial Group increased its holdings in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after purchasing an additional 143,744 shares in the last quarter. Capstone Wealth Management LLC purchased a new position in AT&T in the first quarter valued at about $201,000. World Investment Advisors increased its holdings in AT&T by 36.4% in the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after buying an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. lifted its position in shares of AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. Finally, West Family Investments Inc. boosted its stake in shares of AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock worth $864,000 after acquiring an additional 15,680 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE:T opened at $27.95 on Tuesday. The company has a market cap of $201.08 billion, a P/E ratio of 18.76, a P/E/G ratio of 3.00 and a beta of 0.41. The firm’s 50 day moving average is $27.44 and its two-hundred day moving average is $25.69. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

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

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.97%. AT&T’s payout ratio is 68.10%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. TD Securities raised their price target on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.