AT&T Inc. (NYSE:T) Shares Purchased by JSF Financial LLC

JSF Financial LLC boosted its holdings in AT&T Inc. (NYSE:T) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,392 shares of the technology company’s stock after purchasing an additional 4,827 shares during the quarter. JSF Financial LLC’s holdings in AT&T were worth $715,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in T. International Assets Investment Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at $14,700,000. Swiss National Bank boosted its holdings in shares of AT&T by 0.5% during the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company’s stock valued at $468,217,000 after acquiring an additional 104,700 shares during the period. Franklin Resources Inc. boosted its holdings in shares of AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company’s stock valued at $168,969,000 after acquiring an additional 2,326,904 shares during the period. Caprock Group LLC boosted its holdings in shares of AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company’s stock valued at $4,312,000 after acquiring an additional 30,281 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of AT&T by 7.2% during the third quarter. Van ECK Associates Corp now owns 396,958 shares of the technology company’s stock valued at $8,928,000 after acquiring an additional 26,706 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 1.3 %

NYSE:T opened at $24.86 on Tuesday. 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 fifty-two week low of $15.94 and a fifty-two week high of $24.98. The stock’s 50-day moving average is $23.04 and its two-hundred day moving average is $21.86. The stock has a market cap of $178.38 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared 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 4.47%. AT&T’s payout ratio is 74.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on T. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Royal Bank of Canada lifted their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Barclays lifted their price objective on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Evercore ISI boosted their price target on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

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.