CFO4Life Group LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,812 shares of the technology company’s stock after purchasing an additional 6,807 shares during the quarter. CFO4Life Group LLC’s holdings in AT&T were worth $680,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Essex Savings Bank purchased a new stake in AT&T during the 4th quarter worth approximately $1,021,000. Exchange Capital Management Inc. increased its holdings in AT&T by 6.4% during the 4th quarter. Exchange Capital Management Inc. now owns 17,603 shares of the technology company’s stock worth $502,000 after purchasing an additional 1,066 shares during the last quarter. Dupont Capital Management Corp increased its holdings in AT&T by 15.7% during the 4th quarter. Dupont Capital Management Corp now owns 430,891 shares of the technology company’s stock worth $12,298,000 after purchasing an additional 58,458 shares during the last quarter. Schnieders Capital Management LLC increased its holdings in AT&T by 0.4% during the 4th quarter. Schnieders Capital Management LLC now owns 130,108 shares of the technology company’s stock worth $3,713,000 after purchasing an additional 500 shares during the last quarter. Finally, Pettinga Financial Advisors LLC purchased a new stake in AT&T during the 4th quarter worth approximately $893,000. Institutional investors own 63.33% of the company’s stock.
Several research firms have issued reports on T. ValuEngine upgraded AT&T from a “sell” rating to a “hold” rating in a report on Monday, May 20th. Cowen reiterated a “buy” rating and issued a $35.00 price target on shares of AT&T in a report on Thursday, January 31st. Desjardins reiterated an “average” rating and issued a $56.50 price target on shares of AT&T in a report on Friday, April 5th. Finally, Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a report on Friday, March 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.32.
Shares of NYSE T opened at $32.27 on Friday. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $34.53. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $198.96 billion, a PE ratio of 9.17, a PEG ratio of 1.37 and a beta of 0.58.
AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a return on equity of 13.16% and a net margin of 10.59%. The business had revenue of $44.83 billion during the quarter, compared to the consensus estimate of $45.20 billion. During the same period in the previous year, the business earned $0.85 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 3.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.32%. AT&T’s dividend payout ratio is currently 57.95%.
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.
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