12,252 Shares in AT&T Inc. (NYSE:T) Bought by Rahlfs Capital LLC

Rahlfs Capital LLC acquired a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,252 shares of the technology company’s stock, valued at approximately $279,000.

Other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. grew its position in shares of AT&T by 6.5% during the fourth quarter. Wedbush Securities Inc. now owns 217,336 shares of the technology company’s stock valued at $4,949,000 after purchasing an additional 13,179 shares in the last quarter. Perennial Investment Advisors LLC grew its holdings in AT&T by 2.5% during the 4th quarter. Perennial Investment Advisors LLC now owns 34,152 shares of the technology company’s stock valued at $778,000 after buying an additional 849 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in AT&T in the 4th quarter worth approximately $967,000. KCM Investment Advisors LLC boosted its position in shares of AT&T by 32.9% during the 4th quarter. KCM Investment Advisors LLC now owns 49,075 shares of the technology company’s stock valued at $1,117,000 after acquiring an additional 12,149 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in AT&T in the fourth quarter worth $56,255,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

NYSE T opened at $26.65 on Friday. The stock’s fifty day moving average price is $26.26 and its 200 day moving average price is $23.73. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market cap of $191.27 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last released 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, equities research analysts forecast 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 paid a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

T has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, March 31st. Tigress Financial boosted their price objective on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. Royal Bank of Canada raised their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. Finally, UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.21.

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.