AT&T Inc. (NYSE:T) Stake Increased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 7.2% during the fourth quarter, HoldingsChannel reports. The fund owned 17,239 shares of the technology company’s stock after acquiring an additional 1,157 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in AT&T were worth $393,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the 3rd quarter worth approximately $25,000. YANKCOM Partnership bought a new position in AT&T during the fourth quarter worth $30,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter valued at $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the third quarter worth $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the subject of several research reports. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. Citigroup increased their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Argus upgraded 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, Tigress Financial increased their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.21.

AT&T Stock Performance

Shares of T opened at $25.37 on Thursday. 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 firm’s 50 day moving average is $23.11 and its 200-day moving average is $21.94. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $25.38. The stock has a market capitalization of $182.04 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.79 and a beta of 0.59.

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

AT&T Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is 74.50%.

AT&T Company 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.