Plan Group Financial LLC Buys 4,375 Shares of AT&T Inc. (NYSE:T)

Plan Group Financial LLC boosted its stake in shares of AT&T Inc. (NYSE:TFree Report) by 8.7% during the fourth quarter, Holdings Channel reports. The firm owned 54,692 shares of the technology company’s stock after purchasing an additional 4,375 shares during the quarter. Plan Group Financial LLC’s holdings in AT&T were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter worth approximately $30,000. Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new stake in AT&T during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on T shares. Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, January 16th. Scotiabank boosted their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their price objective on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.33.

Read Our Latest Report on AT&T

AT&T Stock Performance

Shares of NYSE T opened at $26.07 on Wednesday. The company has a market cap of $187.16 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.96 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $26.18. 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 firm’s fifty day moving average is $23.33 and its two-hundred day moving average is $22.17.

AT&T (NYSE:TGet Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.26%. AT&T’s dividend payout ratio is currently 74.50%.

About AT&T

(Free Report)

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.

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

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