Rosenberg Matthew Hamilton Acquires 1,567 Shares of AT&T Inc. (NYSE:T)

Rosenberg Matthew Hamilton boosted its stake in shares of AT&T Inc. (NYSE:T) by 30.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,632 shares of the technology company’s stock after acquiring an additional 1,567 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in AT&T were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at $35,000. Reston Wealth Management LLC bought a new stake in shares of AT&T during the third quarter worth $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of AT&T during the second quarter valued at $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T opened at $21.80 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The company has a market capitalization of $156.42 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 3.60 and a beta of 0.59. The business’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $21.28. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. AT&T’s revenue was down .5% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Oppenheimer assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $25.76.

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.