Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases 1,370 Shares of AT&T Inc. (NYSE:T)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of AT&T Inc. (NYSE:T) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,541 shares of the technology company’s stock after acquiring an additional 1,370 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in AT&T were worth $479,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Axiom Financial Strategies LLC lifted its stake in shares of AT&T by 12.2% in the first quarter. Axiom Financial Strategies LLC now owns 17,888 shares of the technology company’s stock valued at $342,000 after buying an additional 1,941 shares during the period. Roundview Capital LLC lifted its stake in shares of AT&T by 62.3% in the first quarter. Roundview Capital LLC now owns 24,628 shares of the technology company’s stock valued at $582,000 after buying an additional 9,450 shares during the period. Sei Investments Co. raised its position in AT&T by 23.1% in the first quarter. Sei Investments Co. now owns 1,099,843 shares of the technology company’s stock worth $25,983,000 after purchasing an additional 206,434 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in AT&T by 5.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 476,601 shares of the technology company’s stock worth $11,262,000 after purchasing an additional 25,028 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in AT&T by 1,191.3% in the first quarter. Loomis Sayles & Co. L P now owns 12,706 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,722 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

NYSE T opened at $16.25 on Tuesday. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.92. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $17.07 and a 200-day moving average of $16.48. The firm has a market cap of $116.20 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 2.46 and a beta of 0.57.

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). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period last year, the company earned $0.61 earnings per share. AT&T’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.83%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Analysts Set New Price Targets

T has been the subject of several recent research reports. Barclays increased their price target on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. 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. 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 research report on Thursday, February 1st. Tigress Financial increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.68.

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.