Hobart Private Capital LLC Invests $228,000 in AT&T Inc. (NYSE:T)

Hobart Private Capital LLC bought a new position in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,993 shares of the technology company’s stock, valued at approximately $228,000.

A number of other large investors have also recently modified their holdings of the business. AMF Tjanstepension AB raised its stake in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after acquiring an additional 1,161,152 shares in the last quarter. Ferguson Shapiro LLC raised its position in AT&T by 108.2% in the 3rd quarter. Ferguson Shapiro LLC now owns 22,404 shares of the technology company’s stock worth $493,000 after purchasing an additional 11,643 shares during the period. Freestate Advisors LLC purchased a new position in AT&T in the 3rd quarter worth $408,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in AT&T in the third quarter worth $1,233,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in AT&T by 2.7% during the third quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 42,949 shares of the technology company’s stock valued at $945,000 after buying an additional 1,126 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $24.56 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $176.19 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.79 and a beta of 0.59. The business’s 50 day moving average price is $23.04 and its 200-day moving average price is $21.81. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 74.50%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on T shares. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company decreased their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, January 16th. Finally, Scotiabank raised their price target 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. 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.