Joel Isaacson & Co. LLC Acquires 3,551 Shares of AT&T Inc. (NYSE:T)

Joel Isaacson & Co. LLC lifted its holdings in AT&T Inc. (NYSE:T) by 7.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 53,234 shares of the technology company’s stock after buying an additional 3,551 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in AT&T were worth $1,212,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of T. Northstar Group Inc. bought a new stake in AT&T in the 4th quarter valued at approximately $206,000. Appleton Partners Inc. MA boosted its holdings in AT&T by 42.7% during the fourth quarter. Appleton Partners Inc. MA now owns 18,278 shares of the technology company’s stock worth $416,000 after purchasing an additional 5,468 shares during the last quarter. Slocum Gordon & Co LLP boosted its holdings in AT&T by 5.1% during the fourth quarter. Slocum Gordon & Co LLP now owns 109,797 shares of the technology company’s stock worth $2,500,000 after purchasing an additional 5,336 shares during the last quarter. Golden State Wealth Management LLC bought a new position in AT&T in the fourth quarter valued at $96,000. Finally, Fairvoy Private Wealth LLC acquired a new stake in AT&T in the 4th quarter valued at $300,000. 57.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on T shares. Tigress Financial increased their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised their price target on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

AT&T Price Performance

Shares of AT&T stock opened at $24.56 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $176.19 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. The company has a 50-day simple moving average of $23.01 and a two-hundred day simple moving average of $21.77.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is currently 74.50%.

AT&T 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.