Edge Capital Group LLC Takes $272,000 Position in AT&T Inc. (NYSE:T)

Edge Capital Group LLC bought a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,967 shares of the technology company’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new position in AT&T during the 3rd quarter valued at approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of 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 valued at $29,000 after buying an additional 841 shares during the period. YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 0.4 %

Shares of NYSE T opened at $26.74 on Tuesday. The firm’s 50 day moving average price is $23.58 and its 200-day moving average price is $22.38. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.13. 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 company has a market cap of $191.91 billion, a PE ratio of 17.94, a P/E/G ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.15%. AT&T’s payout ratio is 74.50%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank raised their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein increased their target price on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Profile

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.