Hexagon Capital Partners LLC Boosts Position in AT&T Inc. (NYSE:T)

Hexagon Capital Partners LLC boosted its holdings in AT&T Inc. (NYSE:T) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 55,995 shares of the technology company’s stock after buying an additional 5,036 shares during the period. Hexagon Capital Partners LLC’s holdings in AT&T were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Sora Investors LLC acquired a new stake in AT&T in the third quarter valued at approximately $11,265,000. Robeco Institutional Asset Management B.V. grew its position 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 in the last quarter. Checchi Capital Advisers LLC grew its position 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 in the last quarter. Retireful LLC acquired a new stake in shares of AT&T during the fourth quarter worth approximately $1,163,000. Finally, Terril Brothers Inc. grew its position 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 in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock traded down $0.12 during mid-day trading on Tuesday, reaching $16.90. The company had a trading volume of 31,792,882 shares, compared to its average volume of 39,373,371. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $120.85 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.32 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The stock’s 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $16.62.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s revenue was down .4% on a year-over-year basis. Research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on T shares. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, January 19th. Scotiabank lifted their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $20.81.

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.