Skopos Labs Inc. Takes Position in AT&T Inc. (NYSE:T)

Skopos Labs Inc. acquired a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,018 shares of the technology company’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sora Investors LLC acquired a new stake in shares of AT&T during the third quarter worth $11,265,000. Provence Wealth Management Group boosted its holdings in shares of AT&T by 55.8% during the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock worth $272,000 after buying an additional 5,807 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of AT&T by 3.1% during the 3rd 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 during the period. Retireful LLC bought a new stake in AT&T in the 4th quarter valued at about $1,163,000. Finally, Brighton Jones LLC boosted 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 purchasing an additional 5,161 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of T stock traded up $0.03 during trading hours on Friday, reaching $17.50. The stock had a trading volume of 23,954,357 shares, compared to its average volume of 37,262,586. The stock’s fifty day simple moving average is $17.04 and its 200 day simple moving average is $16.84. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The firm has a market capitalization of $125.48 billion, a PE ratio of 9.39, a PEG ratio of 3.44 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating 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 analyst estimates of $30.62 billion. During the same period last year, the business earned $0.60 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. On average, equities research analysts predict 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 paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.34%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on T. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, March 5th. Tigress Financial upped their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Citigroup upped their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

About AT&T

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.