Marshall Financial Group LLC Grows Stake in AT&T Inc. (NYSE:T)

Marshall Financial Group LLC grew its holdings in AT&T Inc. (NYSE:T) by 16.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,827 shares of the technology company’s stock after acquiring an additional 2,404 shares during the quarter. Marshall Financial Group LLC’s holdings in AT&T were worth $383,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Chesapeake Wealth Management boosted its position in shares of AT&T by 1.9% in the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock valued at $535,000 after purchasing an additional 460 shares during the period. Luts & Greenleigh Group Inc. boosted its position in shares of AT&T by 2.8% in the 4th quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock valued at $385,000 after purchasing an additional 460 shares during the period. Socha Financial Group LLC boosted its position in shares of AT&T by 2.5% in the 3rd quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock valued at $415,000 after purchasing an additional 461 shares during the period. Garden State Investment Advisory Services LLC boosted its position in shares of AT&T by 1.4% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock valued at $759,000 after purchasing an additional 468 shares during the period. Finally, Essex Savings Bank boosted its position in shares of AT&T by 2.3% in the 3rd quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock valued at $476,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Citigroup increased their price objective on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada raised AT&T from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.83.

AT&T Stock Performance

NYSE T opened at $22.69 on Monday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a market capitalization of $162.77 billion, a P/E ratio of 18.44, a PEG ratio of 3.50 and a beta of 0.59. The business has a 50 day moving average price of $22.80 and a 200 day moving average price of $21.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is currently 90.24%.

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.