Marshall Investment Management LLC Invests $28,000 in AT&T Inc. (NYSE:T)

Marshall Investment Management LLC purchased a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,287 shares of the technology company’s stock, valued at approximately $28,000.

Other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in shares of AT&T by 305.1% in the third quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of AT&T by 1.3% in the third quarter. Assenagon Asset Management S.A. now owns 310,190 shares of the technology company’s stock worth $6,824,000 after buying an additional 3,972 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of AT&T by 28.1% in the third quarter. Global Trust Asset Management LLC now owns 3,900 shares of the technology company’s stock worth $86,000 after buying an additional 855 shares during the last quarter. West Michigan Advisors LLC purchased a new position in shares of AT&T in the third quarter worth approximately $249,000. Finally, Ballentine Partners LLC boosted its holdings in shares of AT&T by 4.5% in the third quarter. Ballentine Partners LLC now owns 82,556 shares of the technology company’s stock worth $1,816,000 after buying an additional 3,586 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.33.

AT&T Trading Up 1.9 %

Shares of T opened at $26.64 on Friday. The company’s fifty day moving average is $23.50 and its 200 day moving average is $22.30. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.72. The stock has a market capitalization of $191.19 billion, a PE ratio of 17.88, a P/E/G ratio of 3.00 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm 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 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 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.