RFP Financial Group LLC Buys Shares of 8,983 AT&T Inc. (NYSE:T)

RFP Financial Group LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,983 shares of the technology company’s stock, valued at approximately $205,000.

Other hedge funds also recently modified their holdings of the company. Richard C. Young & CO. LTD. grew its position in shares of AT&T by 1.0% in the 4th quarter. Richard C. Young & CO. LTD. now owns 844,411 shares of the technology company’s stock valued at $19,227,000 after buying an additional 8,607 shares during the last quarter. AlphaStar Capital Management LLC lifted its stake in shares of AT&T by 50.1% in the fourth quarter. AlphaStar Capital Management LLC now owns 86,748 shares of the technology company’s stock worth $1,975,000 after acquiring an additional 28,973 shares during the period. Thompson Investment Management Inc. boosted its holdings in AT&T by 18.6% in the fourth quarter. Thompson Investment Management Inc. now owns 7,762 shares of the technology company’s stock valued at $177,000 after acquiring an additional 1,216 shares during the last quarter. Empirical Finance LLC increased its position in AT&T by 7.5% during the 4th quarter. Empirical Finance LLC now owns 301,417 shares of the technology company’s stock valued at $6,863,000 after purchasing an additional 21,076 shares during the period. Finally, Hobart Private Capital LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $228,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on T. Barclays lifted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada increased their target price on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

AT&T Price Performance

T stock opened at $24.56 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company’s fifty day moving average price is $23.04 and its 200-day moving average price is $21.81. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. The company has a market capitalization of $176.19 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts anticipate 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. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.52%. AT&T’s payout ratio is presently 74.50%.

AT&T Company Profile

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.