Relyea Zuckerberg Hanson LLC Buys 6,838 Shares of AT&T Inc. (NYSE:T)

Relyea Zuckerberg Hanson LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 32.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,008 shares of the technology company’s stock after buying an additional 6,838 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in AT&T were worth $638,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Avanza Fonder AB bought a new stake in AT&T in the 4th quarter valued at $11,795,000. Procyon Advisors LLC grew its stake in shares of AT&T by 89.2% in the fourth quarter. Procyon Advisors LLC now owns 67,045 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 31,600 shares in the last quarter. Everpar Advisors LLC increased its position in AT&T by 5.2% during the fourth quarter. Everpar Advisors LLC now owns 13,124 shares of the technology company’s stock worth $299,000 after acquiring an additional 650 shares during the period. Tompkins Financial Corp raised its stake in AT&T by 3.6% in the 4th quarter. Tompkins Financial Corp now owns 39,099 shares of the technology company’s stock worth $890,000 after purchasing an additional 1,376 shares in the last quarter. Finally, Goldstone Financial Group LLC boosted its holdings in AT&T by 7.3% in the 4th quarter. Goldstone Financial Group LLC now owns 34,059 shares of the technology company’s stock valued at $776,000 after purchasing an additional 2,311 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.9 %

Shares of NYSE:T traded up $0.21 during mid-day trading on Friday, reaching $22.23. 6,004,845 shares of the company’s stock were exchanged, compared to its average volume of 31,169,678. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The firm has a market capitalization of $159.47 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 3.46 and a beta of 0.59. The business’s fifty day moving average price is $22.79 and its 200-day moving average price is $21.28.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, research analysts predict that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

Several research analysts have recently commented on T shares. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Tigress Financial upped their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T 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.