New England Professional Planning Group Inc. Takes $541,000 Position in AT&T Inc. (NYSE:T)

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New England Professional Planning Group Inc. acquired a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel.com reports. The fund acquired 13,767 shares of the technology company’s stock, valued at approximately $541,000. AT&T accounts for 0.4% of New England Professional Planning Group Inc.’s holdings, making the stock its 19th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kanawha Capital Management LLC raised its stake in shares of AT&T by 3.7% in the 2nd quarter. Kanawha Capital Management LLC now owns 227,614 shares of the technology company’s stock valued at $7,627,000 after acquiring an additional 8,105 shares during the period. Pictet Asset Management Ltd. increased its holdings in AT&T by 8.5% in the 2nd quarter. Pictet Asset Management Ltd. now owns 8,365,879 shares of the technology company’s stock valued at $280,341,000 after purchasing an additional 653,885 shares during the last quarter. Bernardo Wealth Planning LLC increased its holdings in AT&T by 2.1% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 21,801 shares of the technology company’s stock valued at $731,000 after purchasing an additional 441 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in AT&T by 1.2% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 117,921 shares of the technology company’s stock valued at $3,951,000 after purchasing an additional 1,354 shares during the last quarter. Finally, First Foundation Advisors raised its position in AT&T by 3.1% in the second quarter. First Foundation Advisors now owns 55,505 shares of the technology company’s stock valued at $1,860,000 after purchasing an additional 1,643 shares during the period. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Shares of NYSE T opened at $37.87 on Thursday. The stock has a market cap of $278.25 billion, a P/E ratio of 10.76, a PEG ratio of 2.37 and a beta of 0.62. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 12-month low of $28.92 and a 12-month high of $39.70. The business’s fifty day simple moving average is $38.53 and its 200-day simple moving average is $36.76.

AT&T (NYSE:T) last released its earnings results on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The firm had revenue of $44.59 billion during the quarter, compared to analysts’ expectations of $45.45 billion. During the same period in the previous year, the firm posted $0.90 EPS. AT&T’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 3.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.51. AT&T’s dividend payout ratio (DPR) is presently 59.09%.

A number of research analysts have commented on the company. Tigress Financial restated a “buy” rating on shares of AT&T in a research note on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on AT&T from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. SunTrust Banks boosted their price objective on AT&T to $36.00 and gave the company a “hold” rating in a report on Tuesday, October 29th. DZ Bank reiterated a “hold” rating and issued a $38.00 price objective on shares of AT&T in a report on Wednesday, September 18th. Finally, Moffett Nathanson downgraded AT&T from a “neutral” rating to a “sell” rating and set a $30.00 target price for the company. in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.22.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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