Global View Capital Management LLC Makes New Investment in AT&T Inc. (NYSE:T)

Global View Capital Management LLC bought a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,663 shares of the technology company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Equitable Trust Co. lifted its position in AT&T by 81.6% in the 3rd quarter. Equitable Trust Co. now owns 25,703 shares of the technology company’s stock worth $565,000 after buying an additional 11,552 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in AT&T in the 3rd quarter worth approximately $718,000. Assetmark Inc. lifted its position in AT&T by 62.0% in the 3rd quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock worth $4,288,000 after buying an additional 74,607 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in AT&T by 6.7% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 88,353 shares of the technology company’s stock worth $1,944,000 after buying an additional 5,556 shares in the last quarter. Finally, Baker Avenue Asset Management LP bought a new position in shares of AT&T during the 3rd quarter valued at $261,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE T opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $195.96 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 3.00 and a beta of 0.56. The company’s fifty day moving average is $24.40 and its two-hundred day moving average is $22.90. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating 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%. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.07%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analysts Set New Price Targets

T has been the topic of a number of recent research reports. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. Oppenheimer initiated coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, five 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 company presently has an average rating of “Moderate Buy” and an average target price of $26.74.

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.