PVG Asset Management Corp acquired a new position in shares of AT&T Inc. (NYSE:T – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,103 shares of the technology company’s stock, valued at approximately $212,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners LLC raised its position in AT&T by 25.5% in the fourth quarter. Vantage Financial Partners LLC now owns 38,207 shares of the technology company’s stock valued at $641,000 after purchasing an additional 7,762 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in AT&T by 4.1% during the 4th quarter. Gilbert & Cook Inc. now owns 31,130 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,212 shares during the last quarter. Aveo Capital Partners LLC increased its position in AT&T by 4.5% in the 4th quarter. Aveo Capital Partners LLC now owns 27,770 shares of the technology company’s stock valued at $466,000 after acquiring an additional 1,194 shares during the period. Evoke Wealth LLC raised its stake in shares of AT&T by 14.8% during the fourth quarter. Evoke Wealth LLC now owns 28,681 shares of the technology company’s stock valued at $481,000 after acquiring an additional 3,693 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of AT&T by 309.1% during the fourth quarter. Eagle Asset Management Inc. now owns 603,211 shares of the technology company’s stock worth $10,122,000 after purchasing an additional 455,777 shares during the period. Institutional investors own 57.10% of the company’s stock.
AT&T Trading Up 0.4 %
T opened at $21.99 on Tuesday. The firm has a market capitalization of $157.64 billion, a PE ratio of 11.82, a P/E/G ratio of 3.68 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.70 and a quick ratio of 0.66. AT&T Inc. has a fifty-two week low of $14.12 and a fifty-two week high of $22.34. The company’s 50-day moving average is $20.21 and its 200 day moving average is $18.54.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Thursday, October 10th. AT&T’s dividend payout ratio (DPR) is currently 59.68%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. TD Cowen raised their target price on AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Daiwa America raised shares of AT&T to a “hold” rating in a research note on Friday, July 26th. Barclays upped their price target on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Oppenheimer lifted their price objective on AT&T from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, UBS Group restated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.38.
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.
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