Scissortail Wealth Management LLC Buys Shares of 101,008 AT&T Inc. (NYSE:T)

Scissortail Wealth Management LLC bought a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel reports. The firm bought 101,008 shares of the technology company’s stock, valued at approximately $1,742,000.

Several other institutional investors have also added to or reduced their stakes in the business. Sora Investors LLC bought a new position in shares of AT&T during the 3rd quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. raised its holdings in AT&T by 2.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after purchasing an additional 383,015 shares during the period. Checchi Capital Advisers LLC raised its holdings in AT&T by 3.1% in the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares during the period. Retireful LLC bought a new position in AT&T in the 4th quarter worth $1,163,000. Finally, Terril Brothers Inc. raised its holdings in AT&T by 51.6% in the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after purchasing an additional 202,637 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.9 %

T traded down $0.15 on Tuesday, hitting $16.09. The company had a trading volume of 49,169,633 shares, compared to its average volume of 38,659,406. The company has a market cap of $115.09 billion, a PE ratio of 8.16, a PEG ratio of 2.46 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.92. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $17.07 and its 200 day simple moving average is $16.48.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. Equities research analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is currently 56.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on T. StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Tigress Financial raised their target price on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Barclays raised their target price on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.