Martin Worley Group Takes $367,000 Position in AT&T Inc. (NYSE:T)

Martin Worley Group purchased a new position in AT&T Inc. (NYSE:T) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,116 shares of the technology company’s stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter worth approximately $28,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at approximately $30,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter valued at approximately $34,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 1.2 %

Shares of T stock opened at $28.13 on Thursday. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.61. The stock has a market cap of $201.92 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.56. The stock has a 50 day moving average of $26.06 and a 200 day moving average of $23.67. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analysts Set New Price Targets

Several brokerages have recently commented on T. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Sanford C. Bernstein boosted their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Finally, Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target 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.