Salzhauer Michael Invests $351,000 in AT&T Inc. (NYSE:T)

Salzhauer Michael bought a new stake in AT&T Inc. (NYSE:T) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,398 shares of the technology company’s stock, valued at approximately $351,000.

A number of other institutional investors have also made changes to their positions in T. Capital A Wealth Management LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC acquired a new position in AT&T during the fourth quarter valued at approximately $27,000. Ball & Co Wealth Management Inc. bought a new stake in AT&T in the fourth quarter valued at approximately $30,000. Finally, REAP Financial Group LLC raised its holdings in AT&T by 115.2% in the fourth quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company’s stock worth $31,000 after purchasing an additional 727 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE:T opened at $27.93 on Thursday. The stock has a market capitalization of $200.97 billion, a PE ratio of 17.13, a P/E/G ratio of 4.01 and a beta of 0.41. AT&T Inc. has a 1-year low of $18.14 and a 1-year high of $29.03. The firm has a fifty day simple moving average of $27.59 and a 200 day simple moving average of $25.87. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.97%. AT&T’s payout ratio is 68.10%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on T shares. Oppenheimer boosted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Evercore ISI increased their price target on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a report on Thursday, April 24th. Royal Bank Of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.76.

AT&T Company 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.