MJP Associates Inc. ADV Boosts Holdings in AT&T Inc. (NYSE:T)

MJP Associates Inc. ADV raised its stake in shares of AT&T Inc. (NYSE:T) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,129 shares of the technology company’s stock after purchasing an additional 1,492 shares during the period. MJP Associates Inc. ADV’s holdings in AT&T were worth $572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% in the 4th 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. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of AT&T in the 4th quarter valued at $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on T shares. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Royal Bank of Canada upped their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. TD Securities increased their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Finally, Tigress Financial increased their price target on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Price Performance

Shares of T stock opened at $27.88 on Monday. The firm’s 50 day moving average is $27.15 and its 200-day moving average is $24.77. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The firm has a market capitalization of $200.61 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s payout ratio is 68.10%.

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.