Alpha DNA Investment Management LLC Takes $79,000 Position in AT&T Inc. (NYSE:T)


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Alpha DNA Investment Management LLC bought a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,774 shares of the technology company’s stock, valued at approximately $79,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Curi Capital acquired a new position in AT&T during the fourth quarter worth $25,000. Flagship Private Wealth LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $27,000. BNC Wealth Management LLC acquired a new stake in shares of AT&T in the third quarter valued at about $27,000. Clear Perspectives Financial Planning LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $29,000. Finally, Iron Horse Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $31,000. Institutional investors own 51.17% of the company’s stock.

T has been the topic of several research analyst reports. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating and set a $33.00 price target on the stock in a research report on Thursday, December 10th. Morgan Stanley downgraded AT&T from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $36.00 to $34.00 in a research report on Thursday, December 17th. Deutsche Bank Aktiengesellschaft lowered their price target on AT&T from $36.00 to $31.00 in a research report on Monday, February 8th. Credit Suisse Group reduced their target price on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 19th. Finally, CIBC restated a “buy” rating on shares of AT&T in a research note on Wednesday, February 10th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.47.

T opened at $30.93 on Thursday. The company has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $28.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.84. AT&T Inc. has a 52 week low of $26.35 and a 52 week high of $33.24. The firm has a market capitalization of $220.59 billion, a PE ratio of 20.35, a P/E/G ratio of 3.04 and a beta of 0.70.

AT&T (NYSE:T) last released its earnings results on Tuesday, January 26th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The firm had revenue of $45.70 billion during the quarter, compared to analyst estimates of $44.58 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. Equities analysts forecast that AT&T Inc. will post 3.17 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 3rd. Shareholders of record on Friday, April 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Thursday, April 8th. AT&T’s dividend payout ratio is presently 58.26%.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.

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

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