Easterly Investment Partners LLC grew its holdings in shares of AT&T Inc. (NYSE:T – Get Rating) by 288.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,264,367 shares of the technology company’s stock after buying an additional 939,074 shares during the quarter. AT&T accounts for about 2.3% of Easterly Investment Partners LLC’s investment portfolio, making the stock its 9th biggest position. Easterly Investment Partners LLC’s holdings in AT&T were worth $31,103,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. OLD Mission Capital LLC purchased a new position in AT&T in the 3rd quarter worth about $453,000. Camden National Bank purchased a new position in shares of AT&T during the fourth quarter worth approximately $278,000. Segall Bryant & Hamill LLC raised its stake in shares of AT&T by 6.8% during the third quarter. Segall Bryant & Hamill LLC now owns 136,701 shares of the technology company’s stock valued at $3,692,000 after acquiring an additional 8,701 shares in the last quarter. New World Advisors LLC boosted its holdings in shares of AT&T by 156.1% in the third quarter. New World Advisors LLC now owns 22,642 shares of the technology company’s stock valued at $577,000 after purchasing an additional 13,800 shares during the period. Finally, Larson Financial Group LLC grew its stake in AT&T by 34.8% in the third quarter. Larson Financial Group LLC now owns 11,616 shares of the technology company’s stock worth $314,000 after purchasing an additional 2,996 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.
A number of analysts recently weighed in on T shares. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Monday, April 25th. Wells Fargo & Company dropped their price objective on shares of AT&T from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 14th. Barclays dropped their price objective on shares of AT&T from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, April 22nd. Wolfe Research dropped their price objective on shares of AT&T from $29.00 to $27.00 and set a “peer perform” rating on the stock in a research note on Thursday, January 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.73.
AT&T (NYSE:T – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. AT&T had a net margin of 10.64% and a return on equity of 13.19%. The company had revenue of $38.10 billion during the quarter, compared to analysts’ expectations of $38.29 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, analysts predict that AT&T Inc. will post 2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be given a $0.278 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $1.11 annualized dividend and a dividend yield of 5.90%. AT&T’s dividend payout ratio (DPR) is 46.84%.
AT&T Company Profile (Get Rating)
AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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