Townsquare Capital LLC Has $17.33 Million Position in AT&T Inc. (NYSE:T)

Townsquare Capital LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 39.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 761,239 shares of the technology company’s stock after acquiring an additional 214,529 shares during the period. Townsquare Capital LLC’s holdings in AT&T were worth $17,333,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Marshall Investment Management LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership bought a new stake in AT&T during the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its position in 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 during the last quarter. Endeavor Private Wealth Inc. bought a new position in AT&T during the 4th quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T during the 4th quarter worth $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $26.79 on Friday. The firm has a market cap of $192.29 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $26.59 and its 200-day moving average is $23.97. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $29.03.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.14%. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on T. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Scotiabank boosted their target price on AT&T from $28.50 to $29.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. Tigress Financial upped their target price on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $27.24.

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.