Duality Advisers LP Purchases New Stake in AT&T Inc. (NYSE:T)

Duality Advisers LP purchased a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 36,725 shares of the technology company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Carmel Capital Partners LLC raised its stake in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in AT&T during the third quarter worth about $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T during the third quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC grew its holdings in shares of AT&T by 588.2% during the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock worth $44,000 after purchasing an additional 2,241 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $16.59 on Friday. The business’s 50 day simple moving average is $16.97 and its 200 day simple moving average is $16.54. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The stock has a market capitalization of $118.63 billion, a PE ratio of 8.92, a PEG ratio of 2.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.69%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Barclays boosted their price target on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Company Profile

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.