AT&T Inc. (NYSE:T) Shares Bought by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC raised its stake in AT&T Inc. (NYSE:T) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 134,876 shares of the technology company’s stock after purchasing an additional 6,083 shares during the period. Jackson Hole Capital Partners LLC’s holdings in AT&T were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sora Investors LLC acquired a new position in AT&T in the third quarter valued at $11,265,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of AT&T by 2.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after buying an additional 383,015 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of AT&T by 3.1% during the third quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after buying an additional 1,178 shares during the period. Retireful LLC acquired a new stake in shares of AT&T during the fourth quarter worth about $1,163,000. Finally, Terril Brothers Inc. boosted its stake in shares of AT&T by 51.6% during the third quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after buying an additional 202,637 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on T. Deutsche Bank Aktiengesellschaft increased their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. Finally, Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Price Performance

Shares of T stock traded down $0.22 during trading hours on Thursday, hitting $16.59. The company’s stock had a trading volume of 46,667,665 shares, compared to its average volume of 39,434,195. The business has a fifty day moving average of $16.97 and a 200-day moving average of $16.54. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 2.49 and a beta of 0.57. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. As a group, equities research analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.69%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

AT&T 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.