1,336 Shares in AT&T Inc. (NYSE:T) Bought by YANKCOM Partnership

YANKCOM Partnership bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,336 shares of the technology company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds have also bought and sold shares of T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake 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 in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter valued at $34,000. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T in the third quarter valued at $35,000. Finally, Reston Wealth Management LLC bought a new position in shares of AT&T in the third quarter valued at $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on T. The Goldman Sachs Group increased their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company lowered their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada increased their target price 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. Scotiabank increased their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. Finally, Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Stock Down 0.1 %

Shares of AT&T stock opened at $24.46 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $22.99 and its two-hundred day simple moving average is $21.75. The company has a market cap of $175.47 billion, a P/E ratio of 16.41, a PEG ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98.

AT&T (NYSE:T) last announced its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Friday, January 10th. 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.