Quadrant Capital Group LLC Purchases 632 Shares of AT&T Inc. (NYSE:T)

Quadrant Capital Group LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,401 shares of the technology company’s stock after acquiring an additional 632 shares during the period. Quadrant Capital Group LLC’s holdings in AT&T were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the third quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new stake in shares of AT&T in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T during the fourth quarter worth about $34,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $26.65 on Monday. The company has a market capitalization of $191.27 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $29.03. The company has a 50-day simple moving average of $26.26 and a 200 day simple moving average of $23.76.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

Analysts Set New Price Targets

T has been the topic of several research reports. Oppenheimer boosted their target price on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Citigroup boosted their price objective on shares of AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Tigress Financial raised their price objective on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.

AT&T Company 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.