Titleist Asset Management LLC Has $544,000 Position in AT&T Inc. (NYSE:T)

Titleist Asset Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 38.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,900 shares of the technology company’s stock after purchasing an additional 6,595 shares during the period. Titleist Asset Management LLC’s holdings in AT&T were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in AT&T in the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC increased its stake 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. bought a new stake in shares of AT&T during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on T shares. 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 report on Wednesday, March 19th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Scotiabank increased their target price on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a report on Monday, March 3rd. Tigress Financial boosted their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $27.21.

AT&T Stock Down 6.8 %

NYSE T opened at $26.65 on Monday. The stock has a market capitalization of $191.27 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. 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 stock has a fifty day moving average of $26.26 and a 200-day moving average of $23.76.

AT&T (NYSE:T) last posted its quarterly earnings results 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 forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 4.17%. AT&T’s payout ratio is presently 74.50%.

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.