Tradewinds Capital Management LLC Buys 430 Shares of AT&T Inc. (NYSE:T)

Tradewinds Capital Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 48.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,314 shares of the technology company’s stock after acquiring an additional 430 shares during the quarter. Tradewinds Capital Management LLC’s holdings in AT&T were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $28,000. TCW Group Inc. boosted its position in shares of AT&T by 112.7% during the 4th quarter. TCW Group Inc. now owns 2,105,457 shares of the technology company’s stock valued at $47,941,000 after purchasing an additional 1,115,569 shares in the last quarter. Fisher Funds Management LTD bought a new position in shares of AT&T during the 4th quarter worth approximately $23,237,000. First Horizon Advisors Inc. increased its stake in shares of AT&T by 1.1% in the 4th quarter. First Horizon Advisors Inc. now owns 979,626 shares of the technology company’s stock valued at $22,306,000 after acquiring an additional 10,815 shares in the last quarter. Finally, Cowa LLC boosted its stake in AT&T by 2.2% during the fourth quarter. Cowa LLC now owns 50,720 shares of the technology company’s stock worth $1,155,000 after acquiring an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.9 %

T stock opened at $26.64 on Friday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.72. The stock has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.59. 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 company’s 50 day moving average is $23.50 and its 200 day moving average is $22.30.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s dividend payout ratio is 74.50%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on T. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Barclays increased their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.33.

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.