AT&T Inc. (NYSE:T) Shares Bought by StoneX Group Inc.

StoneX Group Inc. increased its position in AT&T Inc. (NYSE:T) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,353 shares of the technology company’s stock after buying an additional 20,294 shares during the period. StoneX Group Inc.’s holdings in AT&T were worth $3,378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter worth approximately $28,000. YANKCOM Partnership acquired a new stake in shares of AT&T in the fourth quarter worth $30,000. Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of AT&T in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Tigress Financial increased their price target on AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Citigroup upped their target price on AT&T from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

AT&T Price Performance

NYSE T opened at $28.33 on Tuesday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $28.56. The stock has a market cap of $203.32 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. The company has a 50-day moving average price of $25.82 and a two-hundred day moving average price of $23.59. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

About AT&T

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.