7,423 Shares in AT&T Inc. (NYSE:T) Bought by Naples Money Management LLC

Naples Money Management LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,423 shares of the technology company’s stock, valued at approximately $125,000.

Other hedge funds also recently bought and sold shares of the company. Sora Investors LLC bought a new position in AT&T during the third quarter worth $11,265,000. Robeco Institutional Asset Management B.V. increased its position in shares of AT&T by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock valued at $259,219,000 after purchasing an additional 383,015 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of AT&T by 3.1% in the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock valued at $585,000 after purchasing an additional 1,178 shares in the last quarter. Retireful LLC bought a new position in AT&T in the fourth quarter worth $1,163,000. Finally, Terril Brothers Inc. boosted its stake in AT&T by 51.6% during the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after buying an additional 202,637 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Barclays lifted their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

AT&T Trading Up 1.1 %

Shares of NYSE T traded up $0.18 during midday trading on Friday, hitting $16.51. The stock had a trading volume of 45,814,895 shares, compared to its average volume of 38,577,504. The firm has a market cap of $118.09 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company’s 50-day simple moving average is $17.01 and its 200 day simple moving average is $16.48.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. AT&T’s payout ratio is presently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.