AT&T Inc. (NYSE:T) Shares Acquired by Seelaus Asset Management LLC

Seelaus Asset Management LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,922 shares of the technology company’s stock after purchasing an additional 2,975 shares during the quarter. Seelaus Asset Management LLC’s holdings in AT&T were worth $795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Santori & Peters Inc. lifted its position in 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 acquiring an additional 1,080 shares during the period. D Orazio & Associates Inc. raised its stake in shares of AT&T by 32.4% in the fourth quarter. D Orazio & Associates Inc. now owns 17,596 shares of the technology company’s stock worth $401,000 after purchasing an additional 4,309 shares during the last quarter. Apollon Financial LLC boosted its position in AT&T by 49.9% in the fourth quarter. Apollon Financial LLC now owns 17,391 shares of the technology company’s stock valued at $396,000 after buying an additional 5,787 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in AT&T by 0.5% in the 4th quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 671,742 shares of the technology company’s stock worth $15,296,000 after buying an additional 3,461 shares during the period. Finally, Almanack Investment Partners LLC. purchased a new position in AT&T during the 4th quarter worth approximately $202,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their target price on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group boosted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

AT&T Price Performance

NYSE:T opened at $24.56 on Friday. The firm has a market cap 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. The stock has a 50 day moving average of $23.04 and a two-hundred day moving average of $21.81. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. 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 announced its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping 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%. On average, analysts expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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