Inscription Capital LLC Makes New $1.18 Million Investment in AT&T Inc. (NYSE:T)

Inscription Capital LLC bought a new position in AT&T Inc. (NYSE:T) in the 1st quarter, Holdings Channel.com reports. The firm bought 41,688 shares of the technology company’s stock, valued at approximately $1,179,000.

A number of other large investors have also modified their holdings of T. Keystone Financial Group boosted its holdings in AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock worth $5,322,000 after acquiring an additional 143,744 shares during the period. Capstone Wealth Management LLC purchased a new stake in shares of AT&T during the first quarter valued at approximately $201,000. World Investment Advisors lifted its position in shares of AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after purchasing an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. boosted its stake in shares of AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, West Family Investments Inc. grew its holdings in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock valued at $864,000 after purchasing an additional 15,680 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Citigroup reiterated a “buy” rating on shares of AT&T in a research note on Monday, April 7th. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.71.

AT&T Price Performance

Shares of NYSE:T opened at $27.95 on Tuesday. 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 has a 50-day simple moving average of $27.44 and a 200 day simple moving average of $25.69. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. The company has a market cap of $201.08 billion, a PE ratio of 18.76, a P/E/G ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T) last posted its 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). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.97%. 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.