AT&T Inc. (NYSE:T) Shares Acquired by Paradigm Financial Advisors LLC

Paradigm Financial Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:TGet Rating) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,653 shares of the technology company’s stock after purchasing an additional 1,513 shares during the period. Paradigm Financial Advisors LLC’s holdings in AT&T were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of AT&T by 16.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,822,788 shares of the technology company’s stock valued at $94,041,000 after buying an additional 533,468 shares during the period. Institutional & Family Asset Management LLC grew its position in shares of AT&T by 3.9% in the third quarter. Institutional & Family Asset Management LLC now owns 139,526 shares of the technology company’s stock valued at $3,769,000 after purchasing an additional 5,276 shares during the last quarter. FNY Investment Advisers LLC increased its position in AT&T by 3,605.4% during the fourth quarter. FNY Investment Advisers LLC now owns 41,500 shares of the technology company’s stock worth $1,020,000 after acquiring an additional 40,380 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of AT&T during the fourth quarter valued at about $54,000. Finally, Capstone Financial Advisors Inc. lifted its position in AT&T by 9.7% in the third quarter. Capstone Financial Advisors Inc. now owns 22,855 shares of the technology company’s stock worth $617,000 after purchasing an additional 2,012 shares during the period. 53.47% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. UBS Group cut their target price on AT&T from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, January 27th. Royal Bank of Canada reduced their price target on AT&T from $30.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, April 25th. Tigress Financial increased their price target on AT&T from $36.00 to $41.00 in a research report on Thursday, January 20th. Moffett Nathanson started coverage on shares of AT&T in a report on Tuesday, April 5th. They issued a $19.00 target price on the stock. Finally, Raymond James reduced their price objective on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a research report on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $25.73.

NYSE T traded up $0.12 on Friday, reaching $19.84. 34,107,316 shares of the company’s stock traded hands, compared to its average volume of 56,638,836. AT&T Inc. has a fifty-two week low of $16.62 and a fifty-two week high of $25.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market cap of $142.03 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 2.14 and a beta of 0.58. The stock has a 50 day moving average price of $21.52 and a 200-day moving average price of $23.53.

AT&T (NYSE:TGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). AT&T had a return on equity of 13.19% and a net margin of 10.64%. The company had revenue of $38.10 billion for the quarter, compared to analyst estimates of $38.29 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The business’s revenue was down 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that AT&T Inc. will post 2.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 14th were issued a $0.278 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.11 annualized dividend and a yield of 5.60%. AT&T’s dividend payout ratio (DPR) is presently 46.84%.

AT&T Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices 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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