AT&T Inc. (NYSE:T) Shares Bought by Alta Advisers Ltd

Alta Advisers Ltd lifted its position in shares of AT&T Inc. (NYSE:T) by 10.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,597 shares of the technology company’s stock after acquiring an additional 2,297 shares during the period. Alta Advisers Ltd’s holdings in AT&T were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in T. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter valued at $28,000. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC raised its stake in AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in AT&T in the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of AT&T during the 4th quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $26.29 on Tuesday. The company has a market capitalization of $188.71 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The business has a 50-day moving average of $26.86 and a 200-day moving average of $24.20.

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, 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%. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.22%. AT&T’s payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. Citigroup reissued a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Scotiabank boosted their price target on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 8th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, January 16th. 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 research report on Wednesday, March 19th. Finally, Oppenheimer increased their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. One 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 stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

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.