Nadler Financial Group Inc. Grows Stake in AT&T Inc. (NYSE:T)

Nadler Financial Group Inc. boosted its position in shares of AT&T Inc. (NYSE:T) by 37.2% during the 4th quarter, HoldingsChannel reports. The firm owned 37,448 shares of the technology company’s stock after buying an additional 10,148 shares during the period. Nadler Financial Group Inc.’s holdings in AT&T were worth $628,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC increased its holdings in AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton bought a new stake in AT&T during the 3rd quarter valued at $30,000. Ramirez Asset Management Inc. bought a new stake in AT&T during the 3rd quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. boosted its position in AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,626 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on T. Deutsche Bank Aktiengesellschaft increased their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Tigress Financial increased their target price on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Citigroup raised their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Stock Performance

T traded up $0.23 on Friday, reaching $16.81. 16,518,975 shares of the stock were exchanged, compared to its average volume of 39,135,086. The company’s 50-day moving average price is $16.97 and its 200 day moving average price is $16.54. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67. The firm has a market capitalization of $120.24 billion, a PE ratio of 9.03, a PEG ratio of 2.54 and a beta of 0.57.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.60%. AT&T’s dividend payout ratio is currently 59.68%.

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.