Laurion Capital Management LP Acquires New Shares in AT&T Inc. (NYSE:T)

Laurion Capital Management LP acquired a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 12,073 shares of the technology company’s stock, valued at approximately $275,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Consolidated Planning Corp lifted its position in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after acquiring an additional 21,927 shares during the last quarter. Keystone Financial Group lifted its stake in shares of AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after buying an additional 143,744 shares during the period. World Investment Advisors grew its position in AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after buying an additional 63,359 shares in the last quarter. Fortress Financial Solutions LLC bought a new position in AT&T during the fourth quarter valued at about $691,000. Finally, DigitalBridge Group Inc. raised its holdings in AT&T by 14.6% in 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 in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.88 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $200.61 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. The firm’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $24.77.

AT&T (NYSE:T) last issued its quarterly earnings data 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). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities analysts predict 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 was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.98%. AT&T’s dividend payout ratio is 68.10%.

Wall Street Analyst Weigh In

Several research firms have commented on T. Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Monday, April 7th. Royal Bank of Canada upped their price target on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company upped their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a report on Friday, April 25th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus 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.