9,322 Shares in AT&T Inc. (NYSE:T) Acquired by Legacy Financial Group LLC

Legacy Financial Group LLC bought a new position in AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,322 shares of the technology company’s stock, valued at approximately $212,000.

Several other institutional investors have also made changes to their positions in T. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AT&T in the second quarter worth approximately $44,000. Scientech Research LLC purchased a new position in AT&T during the second quarter valued at approximately $219,000. Oliver Lagore Vanvalin Investment Group grew its position in AT&T by 29.2% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 5,117 shares of the technology company’s stock valued at $98,000 after purchasing an additional 1,155 shares in the last quarter. Kathmere Capital Management LLC purchased a new position in AT&T during the second quarter valued at approximately $208,000. Finally, Driehaus Capital Management LLC purchased a new position in AT&T during the second quarter valued at approximately $237,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on T shares. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Sanford C. Bernstein assumed coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

AT&T Price Performance

Shares of AT&T stock opened at $22.69 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The firm has a fifty day moving average price of $22.80 and a two-hundred day moving average price of $21.46. The company has a market cap of $162.77 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.