Flputnam Investment Management Co. Boosts Holdings in AT&T Inc. (NYSE:T)

Flputnam Investment Management Co. boosted its position in shares of AT&T Inc. (NYSE:T) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,236 shares of the technology company’s stock after acquiring an additional 77,334 shares during the period. Flputnam Investment Management Co.’s holdings in AT&T were worth $3,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of T. Keel Point LLC raised its holdings in shares of AT&T by 6.8% in the fourth quarter. Keel Point LLC now owns 30,957 shares of the technology company’s stock worth $519,000 after buying an additional 1,981 shares during the last quarter. B&D White Capital Company LLC purchased a new position in shares of AT&T in the fourth quarter worth $168,000. Hoxton Planning & Management LLC raised its holdings in shares of AT&T by 17.1% in the fourth quarter. Hoxton Planning & Management LLC now owns 15,437 shares of the technology company’s stock worth $259,000 after buying an additional 2,254 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in shares of AT&T during the fourth quarter worth $1,199,000. Finally, BOK Financial Private Wealth Inc. raised its holdings in shares of AT&T by 30.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 6,496 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T traded down $0.15 during trading on Tuesday, hitting $16.09. The company had a trading volume of 10,592,619 shares, compared to its average volume of 38,110,211. The stock has a fifty day simple moving average of $17.07 and a two-hundred day simple moving average of $16.48. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.92. The firm has a market capitalization of $115.09 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. On average, research analysts expect 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. Stockholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Ratings Changes

Several research analysts recently issued reports on T shares. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Tuesday, March 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

About AT&T

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.