Hoxton Planning & Management LLC Boosts Stock Holdings in AT&T Inc. (NYSE:T)

Hoxton Planning & Management LLC increased its position in AT&T Inc. (NYSE:T) by 17.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,437 shares of the technology company’s stock after acquiring an additional 2,254 shares during the quarter. Hoxton Planning & Management LLC’s holdings in AT&T were worth $259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in AT&T by 1.2% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock valued at $1,119,000 after buying an additional 547 shares in the last quarter. SMH Capital Advisors Inc. grew its stake in AT&T by 1.8% during the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock valued at $585,000 after acquiring an additional 565 shares in the last quarter. Kahn Brothers Group Inc. grew its stake in AT&T by 3.4% during the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock valued at $319,000 after acquiring an additional 575 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the period. Finally, JB Capital LLC lifted its stake in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after purchasing an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.4 %

NYSE T opened at $16.25 on Tuesday. The firm has a market capitalization of $116.20 billion, a PE ratio of 8.29, a P/E/G ratio of 2.46 and a beta of 0.57. The stock’s 50 day moving average is $17.07 and its 200 day moving average is $16.48. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.92. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. Research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.83%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 56.63%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on T. Citigroup lifted their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $20.68.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.