O ROURKE & COMPANY Inc Boosts Stock Position in AT&T Inc. (NYSE:T)

O ROURKE & COMPANY Inc raised its position in shares of AT&T Inc. (NYSE:T) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,610 shares of the technology company’s stock after buying an additional 3,290 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in AT&T were worth $287,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of T. Vanguard Group Inc. grew its position in AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its position in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock valued at $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC lifted its position in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Bank of New York Mellon Corp grew its stake in AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at about $1,858,418,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Up 1.5 %

T stock opened at $26.79 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $29.03. The business’s 50-day moving average is $26.59 and its 200 day moving average is $23.97. 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 stock has a market cap of $192.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings results 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 anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm 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 4.14%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s payout ratio is 74.50%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Tigress Financial boosted their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. UBS Group increased their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.24.

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.