AT&T Inc. (NYSE:T) Shares Bought by Vise Technologies Inc.

by · The Cerbat Gem

Vise Technologies Inc. raised its position in AT&T Inc. (NYSE:T – Free Report) by 52.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,691 shares of the technology company’s stock after acquiring an additional 36,417 shares during the quarter. Vise Technologies Inc.’s holdings in AT&T were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new position in AT&T in the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the 4th quarter valued at about $28,000. YANKCOM Partnership purchased a new position in shares of AT&T in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC boosted 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 buying 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 about $34,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $27.22 on Friday. 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 Inc. has a twelve month low of $17.11 and a twelve month high of $29.03. The stock has a 50 day moving average of $27.29 and a two-hundred day moving average of $25.05. The stock has a market cap of $195.86 billion, a P/E ratio of 18.27, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T – Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. AT&T’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio is currently 68.10%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on T. Barclays lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

View Our Latest Report on AT&T

About AT&T

(Free Report)

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.

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