Lawson Kroeker Investment Management Inc. NE boosted its position in AT&T Inc. (NYSE:T) by 90.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,789 shares of the technology company’s stock after buying an additional 27,975 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in AT&T were worth $1,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of T. BNC Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $27,000. ELM Advisors LLC acquired a new stake in shares of AT&T in the 4th quarter valued at about $59,000. Cerebellum GP LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $62,000. Provident Wealth Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at about $70,000. Finally, Planned Solutions Inc. acquired a new stake in shares of AT&T in the 3rd quarter valued at about $81,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.

NYSE T opened at $28.61 on Thursday. AT&T Inc. has a 12 month low of $26.08 and a 12 month high of $39.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $203.87 billion, a PE ratio of 17.55, a P/E/G ratio of 1.52 and a beta of 0.69. The company’s 50 day simple moving average is $29.36 and its 200 day simple moving average is $29.09.

AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). AT&T had a net margin of 6.84% and a return on equity of 13.03%. The company had revenue of $42.43 billion for the quarter, compared to analyst estimates of $41.66 billion. During the same quarter in the prior year, the business earned $0.94 EPS. AT&T’s revenue was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 11th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, January 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.27%. AT&T’s dividend payout ratio is presently 58.26%.

A number of equities research analysts have recently issued reports on T shares. Zacks Investment Research upgraded shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 target price on the stock in a research note on Thursday, December 10th. Credit Suisse Group cut their target price on shares of AT&T from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Friday, October 23rd. Royal Bank of Canada dropped their price objective on shares of AT&T from $32.00 to $30.00 in a research note on Monday, October 26th. Barclays started coverage on shares of AT&T in a research note on Friday, October 2nd. They set an “overweight” rating on the stock. Finally, Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, January 4th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. AT&T currently has an average rating of “Hold” and a consensus price target of $32.40.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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