Stolper Co Buys 462 Shares of AT&T Inc. (NYSE:T)

Stolper Co increased its stake in AT&T Inc. (NYSE:T) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,517 shares of the technology company’s stock after purchasing an additional 462 shares during the quarter. Stolper Co’s holdings in AT&T were worth $3,578,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in AT&T during the fourth quarter valued at $25,000. Putney Financial Group LLC purchased a new position in AT&T during the fourth quarter valued at $27,000. Marshall Investment Management LLC bought a new stake in AT&T during the fourth quarter valued at about $28,000. Finally, YANKCOM Partnership purchased a new stake in AT&T in the fourth quarter worth about $30,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

T has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. 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. Williams Trading set a $30.00 price objective on shares of AT&T in a research report on Thursday, April 24th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Finally, Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Price Performance

T stock opened at $27.73 on Friday. AT&T Inc. has a 52 week low of $17.42 and a 52 week high of $29.03. The firm has a market capitalization of $199.53 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a fifty day simple moving average of $27.36 and a two-hundred day simple moving average of $25.27. 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 announced its quarterly 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). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is 68.10%.

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.