Catalyst Financial Partners LLC Purchases 5,506 Shares of AT&T Inc. (NYSE:T)

Catalyst Financial Partners LLC boosted its position in AT&T Inc. (NYSE:T) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,335 shares of the technology company’s stock after buying an additional 5,506 shares during the quarter. Catalyst Financial Partners LLC’s holdings in AT&T were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of T. Northeast Investment Management boosted its holdings in AT&T by 0.9% during the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock valued at $1,166,000 after acquiring an additional 451 shares during the period. Chesapeake Wealth Management lifted its position in AT&T by 1.9% in the third quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock valued at $535,000 after purchasing an additional 460 shares during the last quarter. Luts & Greenleigh Group Inc. boosted its stake in shares of AT&T by 2.8% during the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock valued at $385,000 after purchasing an additional 460 shares during the period. Socha Financial Group LLC grew its holdings in shares of AT&T by 2.5% in the third quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock worth $415,000 after purchasing an additional 461 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of AT&T by 1.4% in the third quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock worth $759,000 after buying an additional 468 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

Shares of NYSE T opened at $25.63 on Friday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $25.74. The company has a 50 day simple moving average of $23.15 and a two-hundred day simple moving average of $21.96. The company has a market capitalization of $183.87 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.