Norden Group LLC Acquires 28,384 Shares of AT&T Inc. (NYSE:T)

Norden Group LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 33.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,611 shares of the technology company’s stock after purchasing an additional 28,384 shares during the quarter. Norden Group LLC’s holdings in AT&T were worth $2,587,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC acquired a new position in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. 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 valued at $29,000 after buying an additional 841 shares during the period. YANKCOM Partnership acquired a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several research analyst reports. DZ Bank upgraded 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 Wednesday, January 29th. Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Price Performance

Shares of T opened at $27.45 on Friday. The firm has a market capitalization of $197.01 billion, a PE ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.59. The company’s 50-day moving average is $23.91 and its 200-day moving average is $22.56. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $27.49. 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 issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T’s dividend payout ratio (DPR) is presently 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.