Martin Worley Group Makes New $367,000 Investment in AT&T Inc. (NYSE:T)

Martin Worley Group purchased a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,116 shares of the technology company’s stock, valued at approximately $367,000.

Several other institutional investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in AT&T in the 4th quarter worth $28,000. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter worth $30,000. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the fourth quarter valued at about $34,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.2 %

Shares of NYSE T opened at $28.13 on Thursday. The business’s 50 day moving average price is $26.06 and its 200-day moving average price is $23.67. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.61. 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 $201.92 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping 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, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on T shares. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price objective on shares of AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Sanford C. Bernstein boosted their target price on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley upgraded shares of 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 note on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $27.21.

AT&T Company 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.