AT&T Inc. (NYSE:T) Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,635 shares of the technology company’s stock after acquiring an additional 33,760 shares during the quarter. Twin Capital Management Inc.’s holdings in AT&T were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of AT&T by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 47,356 shares of the technology company’s stock worth $1,119,000 after acquiring an additional 547 shares during the period. SMH Capital Advisors Inc. increased its position in shares of AT&T by 1.8% during the fourth quarter. SMH Capital Advisors Inc. now owns 31,771 shares of the technology company’s stock worth $585,000 after acquiring an additional 565 shares during the period. Kahn Brothers Group Inc. increased its position in shares of AT&T by 3.4% during the fourth quarter. Kahn Brothers Group Inc. now owns 17,329 shares of the technology company’s stock worth $319,000 after acquiring an additional 575 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the period. Finally, JB Capital LLC increased its position in shares of AT&T by 2.4% during the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after acquiring an additional 614 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T traded up $0.08 during mid-day trading on Thursday, hitting $16.20. 16,019,212 shares of the company’s stock were exchanged, compared to its average volume of 38,287,023. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.83. The firm has a market capitalization of $115.88 billion, a P/E ratio of 8.27, a P/E/G ratio of 2.43 and a beta of 0.57. The business’s 50 day moving average is $17.02 and its two-hundred day moving average is $16.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. AT&T’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, equities analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.85%. AT&T’s payout ratio is currently 56.63%.

Wall Street Analyst Weigh In

T has been the topic of several recent analyst reports. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, January 19th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and increased their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays increased their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Seven investment 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, AT&T presently has an average rating of “Moderate Buy” and an average price target of $20.68.

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.