AT&T Inc. (NYSE:T) Shares Purchased by Financial Sense Advisors Inc.

Financial Sense Advisors Inc. increased its holdings in AT&T Inc. (NYSE:T) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,399 shares of the technology company’s stock after purchasing an additional 4,423 shares during the quarter. Financial Sense Advisors Inc.’s holdings in AT&T were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the third quarter worth about $25,000. YANKCOM Partnership acquired a new stake in AT&T in the 4th quarter worth about $30,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% during the 3rd 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter valued at approximately $34,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of AT&T in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.6 %

Shares of T stock opened at $26.23 on Thursday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $26.35. The firm has a market cap of $188.28 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.96 and a beta of 0.59. The company has a 50-day moving average of $23.38 and a two-hundred day moving average of $22.20. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, analysts predict that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on T shares. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a report on Thursday, February 13th. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Evercore ISI upped their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

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.