Level Four Advisory Services LLC Purchases 4,202 Shares of AT&T Inc. (NYSE:T)

Level Four Advisory Services LLC increased its position in shares of AT&T Inc. (NYSE:T) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,923 shares of the technology company’s stock after buying an additional 4,202 shares during the quarter. Level Four Advisory Services LLC’s holdings in AT&T were worth $3,186,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of T. Legacy Investment Solutions LLC bought a new position in shares of AT&T in the 3rd quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in AT&T in the fourth quarter valued at approximately $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $34,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Scotiabank boosted their price objective on shares of AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research note on Monday, March 3rd. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Oppenheimer began coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, The Goldman Sachs Group upped their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Stock Down 0.0 %

Shares of T opened at $28.20 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $28.51. The firm’s 50 day moving average is $25.70 and its 200-day moving average is $23.51. The stock has a market capitalization of $202.40 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

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 paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s payout ratio is 74.50%.

AT&T Company 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.