Alexander Labrunerie & CO. Inc. Purchases 1,063 Shares of AT&T Inc. (NYSE:T)

Alexander Labrunerie & CO. Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 32,692 shares of the technology company’s stock after acquiring an additional 1,063 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in AT&T were worth $744,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in AT&T during the fourth quarter worth approximately $34,000. Reston Wealth Management LLC acquired a new stake in AT&T during the third quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T during the third quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $24.26 on Wednesday. The firm’s fifty day moving average price is $22.94 and its two-hundred day moving average price is $21.70. The stock has a market cap of $174.05 billion, a PE ratio of 16.28, a PEG ratio of 2.71 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.98. 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 (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. AT&T’s dividend payout ratio is 74.50%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on T shares. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada lifted their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Evercore ISI lifted their price target on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T 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.