McAdam LLC Buys 4,596 Shares of AT&T Inc. (NYSE:T)

McAdam LLC raised its position in shares of AT&T Inc. (NYSE:T) by 16.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,609 shares of the technology company’s stock after purchasing an additional 4,596 shares during the period. McAdam LLC’s holdings in AT&T were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of T. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AT&T during the second quarter worth $44,000. AMF Tjanstepension AB raised its stake in shares of AT&T by 305.1% during the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock valued at $33,918,000 after purchasing an additional 1,161,152 shares during the period. Czech National Bank lifted its holdings in AT&T by 6.9% during the 3rd quarter. Czech National Bank now owns 1,460,655 shares of the technology company’s stock worth $32,134,000 after purchasing an additional 94,312 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in AT&T by 27.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 13,740 shares of the technology company’s stock worth $302,000 after purchasing an additional 2,932 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on T shares. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Scotiabank boosted their price target on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. Oppenheimer started coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.11.

AT&T Stock Performance

NYSE T opened at $23.74 on Monday. The company has a 50-day simple moving average of $22.92 and a two-hundred day simple moving average of $21.64. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98. The firm has a market cap of $170.34 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.71 and a beta of 0.59. 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 (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is 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.