AT&T Inc. (NYSE:T) Holdings Lifted by Ardmore Road Asset Management LP

Ardmore Road Asset Management LP increased its holdings in AT&T Inc. (NYSE:T) by 66.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,500,000 shares of the technology company’s stock after purchasing an additional 600,000 shares during the period. AT&T makes up about 5.0% of Ardmore Road Asset Management LP’s holdings, making the stock its 5th biggest holding. Ardmore Road Asset Management LP’s holdings in AT&T were worth $34,155,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in T. Private Portfolio Partners LLC boosted its stake in shares of AT&T by 4.9% during the fourth quarter. Private Portfolio Partners LLC now owns 18,144 shares of the technology company’s stock valued at $413,000 after purchasing an additional 841 shares during the period. Intrepid Capital Management Inc. boosted its position in AT&T by 21.8% during the 4th quarter. Intrepid Capital Management Inc. now owns 18,073 shares of the technology company’s stock valued at $412,000 after buying an additional 3,234 shares during the period. RFG Bristol Wealth Advisors LLC purchased a new stake in AT&T during the 4th quarter valued at $259,000. Meeder Advisory Services Inc. increased its position in shares of AT&T by 12.3% in the fourth quarter. Meeder Advisory Services Inc. now owns 129,123 shares of the technology company’s stock valued at $2,940,000 after acquiring an additional 14,133 shares during the period. Finally, Alliance Wealth Management Group raised its stake in shares of AT&T by 1.8% during the fourth quarter. Alliance Wealth Management Group now owns 27,572 shares of the technology company’s stock valued at $628,000 after acquiring an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $28.49 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market cap of $204.47 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.00 and a beta of 0.56. The stock’s 50 day simple moving average is $25.94 and its 200 day simple moving average is $23.64. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $28.61.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays lifted their price target on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank increased their target price on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.21.

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.