Columbus Macro LLC Boosts Stock Position in AT&T Inc. (NYSE:T)

Columbus Macro LLC increased its position in AT&T Inc. (NYSE:T) by 52.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,989 shares of the technology company’s stock after acquiring an additional 32,773 shares during the quarter. Columbus Macro LLC’s holdings in AT&T were worth $2,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AT&T during the 2nd quarter valued at $44,000. AMF Tjanstepension AB boosted its position in shares of AT&T by 305.1% during the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Czech National Bank grew its stake in shares of AT&T by 6.9% in the third quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after acquiring an additional 94,312 shares during the period. GAMMA Investing LLC grew its position in AT&T by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 131,975 shares of the technology company’s stock worth $2,903,000 after purchasing an additional 37,162 shares during the period. Finally, WealthBridge Capital Management LLC purchased a new stake in AT&T during the third quarter valued at $218,000. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on T shares. Oppenheimer assumed coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada increased their target price on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.11.

AT&T Trading Up 2.2 %

NYSE:T opened at $24.26 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The firm has a market capitalization of $174.04 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.71 and a beta of 0.59. The company has a fifty day moving average of $22.92 and a 200 day moving average of $21.66.

AT&T (NYSE:T) last announced its quarterly earnings data 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, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

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

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.