9,350 Shares in AT&T Inc. (NYSE:T) Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC purchased a new position in AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,350 shares of the technology company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in AT&T in the 4th quarter worth about $34,000. Reston Wealth Management LLC purchased a new position in AT&T in the 3rd quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 3rd quarter worth about $35,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of recent analyst reports. Evercore ISI boosted their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. 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 research report on Tuesday, January 28th. Finally, Oppenheimer started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Trading Up 0.9 %

T stock opened at $24.48 on Thursday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. 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 capitalization of $175.63 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.71 and a beta of 0.59. The business has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $21.73.

AT&T (NYSE:T) last posted its quarterly 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%. Research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.53%. AT&T’s dividend payout ratio is currently 74.50%.

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.