AT&T Inc. (NYSE:T) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC raised its position in AT&T Inc. (NYSE:T) by 4,122.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 51,223 shares of the technology company’s stock after acquiring an additional 50,010 shares during the quarter. Headlands Technologies LLC’s holdings in AT&T were worth $860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kovack Advisors Inc. grew its stake in AT&T by 4.0% during the 4th quarter. Kovack Advisors Inc. now owns 157,324 shares of the technology company’s stock worth $2,640,000 after purchasing an additional 6,077 shares in the last quarter. Herold Advisors Inc. grew its position in shares of AT&T by 5.9% during the fourth quarter. Herold Advisors Inc. now owns 69,490 shares of the technology company’s stock worth $1,166,000 after buying an additional 3,880 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in shares of AT&T by 22.2% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 228,339 shares of the technology company’s stock worth $3,832,000 after buying an additional 41,481 shares in the last quarter. Rodgers & Associates LTD acquired a new stake in AT&T in the fourth quarter valued at approximately $168,000. Finally, Semanteon Capital Management LP purchased a new position in AT&T in the fourth quarter worth approximately $181,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Up 1.0 %

NYSE T traded up $0.17 during trading hours on Friday, hitting $16.75. 37,852,681 shares of the company’s stock were exchanged, compared to its average volume of 39,190,348. The business’s 50 day moving average is $16.96 and its 200-day moving average is $16.56. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The firm has a market capitalization of $119.81 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. AT&T’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Tigress Financial increased their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Tuesday, March 5th. Finally, Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.81.

About AT&T

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.