AJOVista LLC Acquires Shares of 10,455 AT&T Inc. (NYSE:T)

AJOVista LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,455 shares of the technology company’s stock, valued at approximately $175,000.

Other institutional investors have also recently modified their holdings of the company. Sora Investors LLC acquired a new stake in shares of AT&T in the third quarter worth approximately $11,265,000. Checchi Capital Advisers LLC grew its holdings in shares of AT&T by 3.1% during the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares in the last quarter. Retireful LLC purchased a new stake in AT&T during the 4th quarter valued at about $1,163,000. Brighton Jones LLC raised its holdings in AT&T by 12.6% in the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock valued at $776,000 after acquiring an additional 5,161 shares during the last quarter. Finally, Terril Brothers Inc. lifted its stake in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 202,637 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on T shares. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Stock Up 0.2 %

Shares of T traded up $0.03 during midday trading on Friday, hitting $16.85. The company had a trading volume of 24,023,192 shares, compared to its average volume of 41,324,028. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The firm has a market capitalization of $120.52 billion, a P/E ratio of 9.06, a P/E/G ratio of 3.31 and a beta of 0.57. 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 company’s 50-day simple moving average is $16.97 and its 200-day simple moving average is $16.64.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

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.