GAMMA Investing LLC Invests $920,000 in AT&T Inc. (NYSE:T)

GAMMA Investing LLC purchased a new position in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,005 shares of the technology company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the period. JB Capital LLC boosted its stake in AT&T by 2.4% during the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares during the last quarter. Schubert & Co raised its stake in AT&T by 2.0% during the third quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after purchasing an additional 631 shares during the period. Roof Eidam Maycock Peralta LLC lifted its holdings in AT&T by 6.3% in the third quarter. Roof Eidam Maycock Peralta LLC now owns 11,226 shares of the technology company’s stock valued at $169,000 after acquiring an additional 666 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in AT&T by 4.5% during the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock worth $270,000 after acquiring an additional 678 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock traded up $0.20 on Tuesday, reaching $16.51. 47,772,969 shares of the company were exchanged, compared to its average volume of 38,895,176. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The firm has a market cap of $118.09 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 2.49 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The company’s 50-day moving average is $16.99 and its two-hundred day moving average is $16.53.

AT&T (NYSE:T) last posted its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on T. TheStreet raised AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Barclays upped their target price on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

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.