Bay Colony Advisory Group Inc d b a Bay Colony Advisors Grows Stake in AT&T Inc. (NYSE:T)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in AT&T Inc. (NYSE:T) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,541 shares of the technology company’s stock after purchasing an additional 1,370 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in AT&T were worth $479,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Carmel Capital Partners LLC increased its position in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after buying an additional 1,625 shares in the last quarter. Lipe & Dalton purchased a new position in AT&T during the third quarter worth $30,000. Ramirez Asset Management Inc. purchased a new position in AT&T during the third quarter worth $30,000. FWL Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $31,000. Finally, Financial Freedom LLC acquired a new stake in shares of AT&T during the fourth quarter worth $34,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Tigress Financial raised their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Citigroup raised their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Barclays raised their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.68.

AT&T Trading Down 0.4 %

Shares of T opened at $16.25 on Tuesday. The stock’s 50-day moving average is $17.07 and its two-hundred day moving average is $16.48. The stock has a market cap of $116.20 billion, a PE ratio of 8.29, a P/E/G ratio of 2.46 and a beta of 0.57. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion for the quarter, compared to analyst estimates of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.