AlphaStar Capital Management LLC Has $1.98 Million Position in AT&T Inc. (NYSE:T)

AlphaStar Capital Management LLC grew its position in shares of AT&T Inc. (NYSE:T) by 50.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,748 shares of the technology company’s stock after buying an additional 28,973 shares during the period. AlphaStar Capital Management LLC’s holdings in AT&T were worth $1,975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thompson Investment Management Inc. lifted its holdings in shares of AT&T by 18.6% during the 4th quarter. Thompson Investment Management Inc. now owns 7,762 shares of the technology company’s stock worth $177,000 after acquiring an additional 1,216 shares during the period. Empirical Finance LLC lifted its stake in AT&T by 7.5% during the fourth quarter. Empirical Finance LLC now owns 301,417 shares of the technology company’s stock worth $6,863,000 after purchasing an additional 21,076 shares during the last quarter. Hobart Private Capital LLC bought a new stake in AT&T during the fourth quarter worth $228,000. Seelaus Asset Management LLC increased its stake in shares of AT&T by 9.3% in the 4th quarter. Seelaus Asset Management LLC now owns 34,922 shares of the technology company’s stock valued at $795,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Santori & Peters Inc. raised its holdings in shares of AT&T by 8.8% during the 4th quarter. Santori & Peters Inc. now owns 13,351 shares of the technology company’s stock worth $304,000 after buying an additional 1,080 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of AT&T stock opened at $24.56 on Friday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The business’s fifty day simple moving average is $23.04 and its 200 day simple moving average is $21.81. 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 firm has a market capitalization of $176.19 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly 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 return on equity of 13.97% and a net margin of 8.95%. As a group, analysts anticipate that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.52%. AT&T’s payout ratio is 74.50%.

Analysts Set New Price Targets

A number of research firms have issued reports on T. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Wells Fargo & Company cut their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. Finally, Scotiabank lifted their price target on AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $26.21.

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.