AT&T Inc. (NYSE:T) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in AT&T Inc. (NYSE:T) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,485,056 shares of the technology company’s stock after buying an additional 32,270 shares during the quarter. Ensign Peak Advisors Inc’s holdings in AT&T were worth $170,435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth $28,000. YANKCOM Partnership purchased a new stake in shares of AT&T during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in AT&T in the fourth quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in AT&T during the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Down 2.2 %

Shares of NYSE:T opened at $27.48 on Friday. AT&T Inc. has a fifty-two week low of $17.04 and a fifty-two week high of $29.03. 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 firm’s 50-day simple moving average is $27.12 and its 200-day simple moving average is $24.69. The company has a market cap of $197.76 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last posted 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 business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Evercore ISI upped their target price on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.71.

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.