Brooklyn Investment Group Acquires 1,513 Shares of AT&T Inc. (NYSE:T)

Brooklyn Investment Group boosted its position in shares of AT&T Inc. (NYSE:T) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,522 shares of the technology company’s stock after purchasing an additional 1,513 shares during the quarter. Brooklyn Investment Group’s holdings in AT&T were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Bradley Foster & Sargent Inc. CT increased its stake in shares of AT&T by 1.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company’s stock valued at $594,000 after acquiring an additional 570 shares during the last quarter. Blair William & Co. IL increased its stake in shares of AT&T by 4.4% in the 2nd quarter. Blair William & Co. IL now owns 406,190 shares of the technology company’s stock valued at $7,762,000 after acquiring an additional 17,001 shares during the last quarter. Waterloo Capital L.P. bought a new stake in shares of AT&T in the 2nd quarter valued at about $441,000. WCG Wealth Advisors LLC increased its stake in shares of AT&T by 14.2% in the 2nd quarter. WCG Wealth Advisors LLC now owns 59,838 shares of the technology company’s stock valued at $1,144,000 after acquiring an additional 7,438 shares during the last quarter. Finally, Cowa LLC increased its stake in shares of AT&T by 70.9% in the 2nd quarter. Cowa LLC now owns 45,760 shares of the technology company’s stock valued at $874,000 after acquiring an additional 18,977 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 1.2 %

NYSE T opened at $22.30 on Friday. The company has a market cap of $159.97 billion, a PE ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The stock has a 50 day moving average of $22.79 and a 200-day moving average of $21.29.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a 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

A number of brokerages have recently commented on T. Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Hsbc Global Res upgraded AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Sanford C. Bernstein began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, UBS Group boosted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned 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 currently has a consensus rating of “Moderate Buy” and an average price target of $25.83.

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.