75,000 Shares in AT&T Inc. (NYSE:T) Bought by Ardsley Advisory Partners LP

Ardsley Advisory Partners LP purchased a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 75,000 shares of the technology company’s stock, valued at approximately $1,708,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accredited Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $42,000. Advanced Portfolio Management LLC purchased a new stake in AT&T in the 4th quarter valued at $341,000. AlTi Global Inc. lifted its stake in AT&T by 40.8% during the 4th quarter. AlTi Global Inc. now owns 15,389 shares of the technology company’s stock valued at $350,000 after acquiring an additional 4,459 shares in the last quarter. All Terrain Financial Advisors LLC boosted its holdings in AT&T by 1.2% during the 4th quarter. All Terrain Financial Advisors LLC now owns 95,149 shares of the technology company’s stock worth $2,167,000 after acquiring an additional 1,107 shares during the last quarter. Finally, 4WEALTH Advisors Inc. bought a new stake in shares of AT&T in the 4th quarter worth $252,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on T. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Barclays upped their price objective on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

AT&T Price Performance

T stock opened at $27.63 on Friday. The firm has a 50 day moving average of $27.06 and a 200-day moving average of $24.52. The firm has a market capitalization of $198.33 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12 month low of $16.73 and a 12 month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 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 the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm 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 earned $0.55 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s payout ratio is 68.10%.

AT&T 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.