AT&T Inc. (NYSE:T) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC grew its position in AT&T Inc. (NYSE:T) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,281 shares of the technology company’s stock after purchasing an additional 6,436 shares during the period. Magnus Financial Group LLC’s holdings in AT&T were worth $598,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in AT&T in the 4th quarter valued at about $14,700,000. Swiss National Bank lifted its stake in shares of AT&T by 0.5% in the 3rd quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock worth $468,217,000 after acquiring an additional 104,700 shares during the period. Franklin Resources Inc. boosted its holdings in shares of AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after acquiring an additional 2,326,904 shares in the last quarter. Caprock Group LLC increased its stake in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after acquiring an additional 30,281 shares during the period. Finally, Talbot Financial LLC bought a new stake in AT&T during the third quarter worth approximately $7,438,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $22.34 on Thursday. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 3.53 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $21.40.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.97%. AT&T’s dividend payout ratio is presently 90.24%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, January 16th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Finally, Sanford C. Bernstein initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T 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.