Hyman Charles D Purchases 65,156 Shares of AT&T Inc. (NYSE:T)

Hyman Charles D raised its position in shares of AT&T Inc. (NYSE:T) by 184.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,386 shares of the technology company’s stock after buying an additional 65,156 shares during the period. Hyman Charles D’s holdings in AT&T were worth $1,684,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp raised its holdings in AT&T by 12.9% in the 3rd quarter. Mackenzie Financial Corp now owns 2,577,352 shares of the technology company’s stock worth $38,093,000 after purchasing an additional 294,986 shares in the last quarter. Brighton Jones LLC raised its position in shares of AT&T by 18.6% in the 3rd quarter. Brighton Jones LLC now owns 41,104 shares of the technology company’s stock worth $617,000 after acquiring an additional 6,446 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in shares of AT&T by 8.6% in the 3rd quarter. Baystate Wealth Management LLC now owns 22,956 shares of the technology company’s stock valued at $345,000 after purchasing an additional 1,814 shares during the period. Waldron Private Wealth LLC boosted its position in shares of AT&T by 40.7% during the third quarter. Waldron Private Wealth LLC now owns 75,537 shares of the technology company’s stock valued at $1,134,000 after purchasing an additional 21,834 shares in the last quarter. Finally, Washington Capital Management Inc. purchased a new stake in AT&T in the third quarter worth $370,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. 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. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Tigress Financial lifted their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Stock Performance

NYSE:T traded up $0.10 during mid-day trading on Tuesday, reaching $17.09. The company’s stock had a trading volume of 28,082,469 shares, compared to its average volume of 38,812,934. The firm’s fifty day moving average price is $16.98 and its two-hundred day moving average price is $16.69. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The stock has a market cap of $122.50 billion, a P/E ratio of 9.19, a PEG ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16.

AT&T (NYSE:T) last released its quarterly earnings data 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. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, equities analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s payout ratio is currently 59.68%.

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.