AT&T Inc. (NYSE:T) Stake Raised by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its holdings in AT&T Inc. (NYSE:T) by 22.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 228,339 shares of the technology company’s stock after buying an additional 41,481 shares during the period. Bryn Mawr Capital Management LLC’s holdings in AT&T were worth $3,832,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Carmel Capital Partners LLC raised its stake in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton bought a new position in AT&T during the third quarter worth about $30,000. Ramirez Asset Management Inc. bought a new position in AT&T during the third quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its holdings in AT&T by 3,202.4% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after buying an additional 2,626 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Barclays raised their price target on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Price Performance

Shares of AT&T stock traded up $0.17 during trading on Friday, reaching $16.75. 37,842,157 shares of the stock traded hands, compared to its average volume of 39,393,957. The company has a market capitalization of $119.77 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 2.54 and a beta of 0.57. The business has a fifty day simple moving average of $16.96 and a two-hundred day simple moving average of $16.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Sell-side analysts expect that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 6.63%. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

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.