MQS Management LLC bought a new position in shares of AT&T Inc. (NYSE:T – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,497 shares of the technology company’s stock, valued at approximately $534,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GGM Financials LLC acquired a new stake in AT&T in the third quarter valued at approximately $25,000. Rachor Investment Advisory Services LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Cresta Advisors Ltd. acquired a new stake in AT&T in the fourth quarter valued at approximately $26,000. Cloud Capital Management LLC purchased a new position in shares of AT&T in the third quarter valued at $31,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of AT&T in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Stock Down 0.2%
T stock opened at $25.29 on Friday. AT&T Inc. has a twelve month low of $22.95 and a twelve month high of $29.79. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $175.74 billion, a P/E ratio of 8.49, a PEG ratio of 0.92 and a beta of 0.23. The firm has a 50 day simple moving average of $26.65 and a 200-day simple moving average of $26.00.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.4%. AT&T’s dividend payout ratio (DPR) is presently 37.25%.
Analysts Set New Price Targets
T has been the subject of several analyst reports. KeyCorp upped their target price on shares of AT&T from $30.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $33.00 target price on shares of AT&T in a research note on Thursday, January 29th. Oppenheimer upped their target price on shares of AT&T from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Citigroup upped their target price on shares of AT&T from $29.00 to $31.50 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $31.00 target price on shares of AT&T in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $30.55.
Read Our Latest Stock Analysis on T
AT&T News Roundup
Here are the key news stories impacting AT&T this week:
- Positive Sentiment: AT&T announced a new partnership with Lexus to bring its 5G connectivity into upcoming vehicles, a win that highlights demand for its wireless network and creates another potential growth avenue. AT&T Partners With Lexus, Here’s What You Should Know
- Positive Sentiment: The company also unveiled “Build-A-Plan,” a lower-priced, customizable wireless offering that could help AT&T attract budget-conscious customers and improve retention in a competitive market. AT&T Launches Build-A-Plan
- Positive Sentiment: AT&T is also being praised by some investors for its steady execution and value profile, with commentary pointing to solid operational discipline and compelling valuation. AT&T Gains From Steady Stagey Execution
- Positive Sentiment: Longer-term, AT&T outlined a $19 billion California fiber and wireless investment plan through 2030, reinforcing its infrastructure spending and modernization strategy. AT&T Makes $19 Billion Commitment to Bring High-Speed Connectivity to California
- Neutral Sentiment: AT&T, Verizon, and T-Mobile reportedly agreed in principle to form a joint venture to reduce mobile dead zones, which could support industry infrastructure investment but does not yet have a clear financial impact. Verizon, AT&T, and T-Mobile Form a Joint Venture to End Mobile Dead Zones Across the US
- Negative Sentiment: AT&T sued California to block requirements tied to its old copper-phone network, highlighting ongoing regulatory friction and the challenge of retiring legacy services. AT&T sues California in bid to stop offering traditional phone service
- Negative Sentiment: AT&T also faced criticism over a new prepaid admin fee and other pricing-related moves, which could weigh on sentiment if customers react negatively. AT&T is the first carrier to charge an admin fee for its prepaid plans
- Negative Sentiment: Analyst coverage after earnings notes AT&T is still down from its last report, suggesting investors remain cautious despite a recent beat on EPS and revenue. AT&T Down 4.8% Since Last Earnings Report: Can It Rebound?
AT&T Profile
AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.
AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.
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