Insight Inv LLC Boosts Position in AT&T Inc. (NYSE:T)

Insight Inv LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,757 shares of the technology company’s stock after buying an additional 8,403 shares during the quarter. Insight Inv LLC’s holdings in AT&T were worth $1,361,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of AT&T by 169.2% during 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 in the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the fourth quarter worth about $34,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of AT&T in the third quarter worth about $35,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.7 %

AT&T stock opened at $22.69 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The firm’s 50-day moving average is $22.80 and its 200-day moving average is $21.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company has a market cap of $162.77 billion, a P/E ratio of 18.44, a PEG ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Finally, UBS Group boosted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.83.

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.