Centerpoint Advisors LLC boosted its position in AT&T Inc. (NYSE:T) by 64.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,755 shares of the technology company’s stock after purchasing an additional 1,478 shares during the period. Centerpoint Advisors LLC’s holdings in AT&T were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. JJJ Advisors Inc. acquired a new position in shares of AT&T during the 3rd quarter worth approximately $27,000. Bourgeon Capital Management LLC acquired a new position in shares of AT&T during the 3rd quarter worth approximately $45,000. Fulcrum Equity Management acquired a new position in shares of AT&T during the 3rd quarter worth approximately $51,000. Corbenic Partners LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $54,000. Finally, Quantum Capital Management acquired a new position in shares of AT&T during the 3rd quarter worth approximately $57,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.
Several brokerages recently issued reports on T. ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, December 16th. Raymond James restated a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of AT&T in a research report on Tuesday, October 29th. SunTrust Banks lifted their price objective on AT&T to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. UBS Group lifted their target price on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of AT&T in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.22.
AT&T stock traded down $0.04 during trading on Tuesday, reaching $38.07. 19,091,988 shares of the company’s stock were exchanged, compared to its average volume of 25,390,604. The company’s 50-day moving average is $38.50 and its two-hundred day moving average is $36.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.74 and a current ratio of 0.74. AT&T Inc. has a 52-week low of $28.92 and a 52-week high of $39.70. The firm has a market cap of $277.63 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 2.40 and a beta of 0.62.
AT&T (NYSE:T) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The firm had revenue of $44.59 billion for the quarter, compared to analyst estimates of $45.45 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 3.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.52 dividend. The ex-dividend date is Thursday, January 9th. This represents a $2.08 dividend on an annualized basis and a yield of 5.46%. This is a positive change from AT&T’s previous quarterly dividend of $0.51. AT&T’s payout ratio is currently 59.09%.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.