D Orazio & Associates Inc. Raises Position in AT&T Inc. (NYSE:T)

D Orazio & Associates Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,596 shares of the technology company’s stock after purchasing an additional 4,309 shares during the period. D Orazio & Associates Inc.’s holdings in AT&T were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of T. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the last quarter. YANKCOM Partnership acquired a new position in AT&T in the fourth quarter worth $30,000. Endeavor Private Wealth Inc. acquired a new position in AT&T in the fourth quarter worth $34,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T during the third quarter valued at $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, January 16th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Performance

Shares of NYSE T opened at $24.56 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a fifty day moving average price of $23.01 and a two-hundred day moving average price of $21.77. The firm has a market cap of $176.19 billion, a P/E ratio of 16.48, a PEG ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

About AT&T

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.