Lockheed Martin Investment Management Co. Has $22.42 Million Stake in AT&T Inc. (NYSE:T)

Lockheed Martin Investment Management Co. grew its stake in shares of AT&T Inc. (NYSE:T) by 12.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 984,600 shares of the technology company’s stock after buying an additional 106,800 shares during the period. AT&T makes up 0.9% of Lockheed Martin Investment Management Co.’s investment portfolio, making the stock its 24th biggest holding. Lockheed Martin Investment Management Co.’s holdings in AT&T were worth $22,419,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in 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 acquiring an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at $34,000. Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.0 %

NYSE T opened at $24.26 on Wednesday. The company has a market cap of $174.05 billion, a PE ratio of 16.28, a PEG ratio of 2.71 and a beta of 0.59. The stock has a 50 day moving average of $22.94 and a 200-day moving average of $21.70. 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 quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Ratings Changes

Several analysts have weighed in on T shares. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Scotiabank increased their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 28th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada raised their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

About AT&T

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.