Disciplined Equity Management Inc. Grows Stock Holdings in AT&T Inc. (NYSE:T)

Disciplined Equity Management Inc. grew its holdings in AT&T Inc. (NYSE:T) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,375 shares of the technology company’s stock after purchasing an additional 2,653 shares during the quarter. Disciplined Equity Management Inc.’s holdings in AT&T were worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of T. Carmel Capital Partners LLC raised its position in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after buying an additional 1,625 shares during the period. Lipe & Dalton purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $30,000. Ramirez Asset Management Inc. purchased a new stake in shares of AT&T during the 3rd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after buying an additional 606 shares during the period. Finally, Morton Brown Family Wealth LLC raised its position in AT&T by 588.2% in the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T traded up $0.31 during mid-day trading on Wednesday, hitting $16.81. 74,184,828 shares of the company’s stock were exchanged, compared to its average volume of 39,342,547. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The firm has a market capitalization of $120.24 billion, a P/E ratio of 8.58, a P/E/G ratio of 2.46 and a beta of 0.57. The business’s 50 day moving average is $16.98 and its two-hundred day moving average is $16.54. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. AT&T’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.60%. AT&T’s payout ratio is currently 56.63%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Barclays boosted their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.