AJOVista LLC Takes Position in AT&T Inc. (NYSE:T)

AJOVista LLC purchased a new position in AT&T Inc. (NYSE:T) in the fourth quarter, HoldingsChannel reports. The firm purchased 10,455 shares of the technology company’s stock, valued at approximately $175,000.

A number of other hedge funds have also made changes to their positions in the stock. Sora Investors LLC acquired a new position in shares of AT&T during the 3rd quarter valued at $11,265,000. Checchi Capital Advisers LLC grew its holdings in 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 acquiring an additional 1,178 shares during the period. Retireful LLC bought a new stake in AT&T in the fourth quarter worth about $1,163,000. Brighton Jones LLC raised its position in AT&T by 12.6% in the fourth quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock worth $776,000 after acquiring an additional 5,161 shares in the last quarter. Finally, Terril Brothers Inc. boosted its position in shares of AT&T by 51.6% during the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock valued at $8,937,000 after purchasing an additional 202,637 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T stock traded up $0.03 during midday trading on Friday, hitting $16.85. 24,023,192 shares of the company traded hands, compared to its average volume of 41,324,028. The business has a 50 day simple moving average of $16.97 and a 200-day simple moving average of $16.64. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The stock has a market capitalization of $120.52 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.31 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.59%. AT&T’s dividend payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on T shares. Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, January 19th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. Scotiabank raised their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

About AT&T

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.