Intrepid Capital Management Inc. Raises Holdings in AT&T Inc. (NYSE:T)

Intrepid Capital Management Inc. increased its position in AT&T Inc. (NYSE:T) by 21.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,073 shares of the technology company’s stock after purchasing an additional 3,234 shares during the period. Intrepid Capital Management Inc.’s holdings in AT&T were worth $412,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in AT&T during the 4th quarter worth $14,700,000. Franklin Resources Inc. grew its holdings in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock worth $168,969,000 after buying an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp increased its position in AT&T by 7.4% in the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the period. Fortress Financial Solutions LLC purchased a new stake in AT&T during the 4th quarter valued at approximately $691,000. Finally, West Family Investments Inc. lifted its position in AT&T by 70.4% during the 4th quarter. West Family Investments Inc. now owns 37,961 shares of the technology company’s stock worth $864,000 after acquiring an additional 15,680 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $28.49 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $25.94 and its 200 day moving average price is $23.64. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.61. The stock has a market cap of $204.47 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.90%. AT&T’s dividend payout ratio (DPR) is 74.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays lifted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their price objective on AT&T from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $27.21.

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.