Certuity LLC Increases Holdings in AT&T Inc. (NYSE:T)

Certuity LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 86.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 293,519 shares of the technology company’s stock after purchasing an additional 135,980 shares during the period. Certuity LLC’s holdings in AT&T were worth $4,925,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of T. Carmel Capital Partners LLC increased its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton purchased a new position in AT&T during the 3rd quarter valued at about $30,000. Ramirez Asset Management Inc. purchased a new position in shares of AT&T during the 3rd quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. grew its holdings in shares of AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,626 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.6 %

Shares of AT&T stock traded down $0.10 during midday trading on Tuesday, hitting $16.92. The company had a trading volume of 16,806,615 shares, compared to its average volume of 39,185,160. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a market capitalization of $121.03 billion, a P/E ratio of 9.13, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a 50 day moving average of $16.97 and a 200 day moving average of $16.60. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.56%. AT&T’s dividend payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on T shares. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Tigress Financial upped their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Company 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.