Fidelis Capital Partners LLC Invests $492,000 in AT&T Inc. (NYSE:T)

Fidelis Capital Partners LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,335 shares of the technology company’s stock, valued at approximately $492,000.

Several other hedge funds have also added to or reduced their stakes in T. Axiom Financial Strategies LLC boosted its holdings in AT&T by 12.2% in the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after acquiring an additional 1,941 shares during the last quarter. Roundview Capital LLC lifted its stake in AT&T by 62.3% in the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after buying an additional 9,450 shares during the period. Sei Investments Co. lifted its stake in AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock valued at $25,983,000 after buying an additional 206,434 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in AT&T by 5.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock valued at $11,262,000 after buying an additional 25,028 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in AT&T by 1,191.3% in the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock valued at $300,000 after buying an additional 11,722 shares during the period. Institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on T. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft raised their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Citigroup raised their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Price Performance

Shares of NYSE:T traded down $0.02 during trading on Friday, reaching $16.31. 12,656,037 shares of the company traded hands, compared to its average volume of 38,119,766. The company’s 50 day moving average is $17.01 and its two-hundred day moving average is $16.48. The firm has a market capitalization of $116.66 billion, a PE ratio of 8.33, a PEG ratio of 2.43 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.72.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. AT&T’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.81%. AT&T’s payout ratio is 56.63%.

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.