Stonebridge Financial Group LLC Makes New Investment in AT&T Inc. (NYSE:T)

Stonebridge Financial Group LLC bought a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,123 shares of the technology company’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AMF Tjanstepension AB increased its position 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 valued at $33,918,000 after buying an additional 1,161,152 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in AT&T by 21.2% during the third quarter. Redhawk Wealth Advisors Inc. now owns 30,358 shares of the technology company’s stock valued at $668,000 after acquiring an additional 5,320 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in AT&T during the 3rd quarter worth approximately $72,000. Fiduciary Alliance LLC lifted its stake in AT&T by 66.8% in the 3rd quarter. Fiduciary Alliance LLC now owns 19,924 shares of the technology company’s stock worth $438,000 after purchasing an additional 7,978 shares in the last quarter. Finally, CX Institutional boosted its holdings in AT&T by 802.0% in the 3rd quarter. CX Institutional now owns 288,802 shares of the technology company’s stock valued at $6,354,000 after purchasing an additional 256,785 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on T shares. 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 on the stock. Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. DZ Bank 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 report on Wednesday, January 29th. Finally, Sanford C. Bernstein lifted their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.21.

AT&T Price Performance

T opened at $25.16 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock’s 50 day simple moving average is $23.09 and its 200 day simple moving average is $21.90. The firm has a market cap of $180.50 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.18.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.