Tucker Asset Management LLC Acquires 3,664 Shares of AT&T Inc. (NYSE:T)

Tucker Asset Management LLC raised its holdings in AT&T Inc. (NYSE:TFree Report) by 72.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,725 shares of the technology company’s stock after acquiring an additional 3,664 shares during the quarter. Tucker Asset Management LLC’s holdings in AT&T were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Checchi Capital Advisers LLC lifted its holdings in shares of AT&T by 3.1% in the 3rd 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 during the period. Financial Engines Advisors L.L.C. grew its holdings in AT&T by 50.6% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 75,251 shares of the technology company’s stock worth $1,130,000 after acquiring an additional 25,300 shares in the last quarter. WCG Wealth Advisors LLC increased its position in AT&T by 200.3% during the 3rd quarter. WCG Wealth Advisors LLC now owns 77,074 shares of the technology company’s stock valued at $1,174,000 after purchasing an additional 51,412 shares during the period. Prudential PLC raised its holdings in shares of AT&T by 10.2% in the 3rd quarter. Prudential PLC now owns 615,820 shares of the technology company’s stock valued at $9,250,000 after purchasing an additional 56,868 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of AT&T by 11.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 532,583 shares of the technology company’s stock worth $7,999,000 after purchasing an additional 54,537 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

T stock traded down $0.03 during midday trading on Friday, hitting $17.64. 22,652,283 shares of the stock traded hands, compared to its average volume of 30,374,524. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The stock’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $17.06. The firm has a market cap of $126.48 billion, a P/E ratio of 9.48, a PEG ratio of 3.48 and a beta of 0.60.

AT&T (NYSE:TGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, analysts expect that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.29%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Tuesday, March 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a report on Thursday, April 11th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, April 29th. Finally, Scotiabank upped their price target on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.32.

Read Our Latest Research Report on AT&T

AT&T Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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