AT&T Inc. (NYSE:T) Shares Bought by Albert D Mason Inc.

Albert D Mason Inc. increased its stake in AT&T Inc. (NYSE:T) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,484 shares of the technology company’s stock after acquiring an additional 1,747 shares during the quarter. Albert D Mason Inc.’s holdings in AT&T were worth $808,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new position in AT&T during the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Altshuler Shaham Ltd purchased a new position in shares of AT&T during the second quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in AT&T during the third quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $22.30 on Friday. The company has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The company has a 50-day moving average of $22.79 and a 200-day moving average of $21.29. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the company earned $0.64 EPS. AT&T’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analyst Weigh In

Several research firms have weighed in on T. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. The Goldman Sachs Group upped their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Tigress Financial raised their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company 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.