Marco Investment Management LLC Has $659,000 Position in AT&T Inc. (NYSE:T)

Marco Investment Management LLC boosted its holdings in AT&T Inc. (NYSE:T) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,282 shares of the technology company’s stock after purchasing an additional 2,229 shares during the quarter. Marco Investment Management LLC’s holdings in AT&T were worth $659,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Silver Oak Securities Incorporated grew its position in AT&T by 8.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 88,869 shares of the technology company’s stock valued at $1,491,000 after purchasing an additional 6,984 shares during the period. Convergence Investment Partners LLC boosted its holdings in AT&T by 37.1% during the 4th quarter. Convergence Investment Partners LLC now owns 138,144 shares of the technology company’s stock worth $2,318,000 after acquiring an additional 37,410 shares during the last quarter. Paradigm Financial Partners LLC boosted its holdings in AT&T by 10.6% during the 4th quarter. Paradigm Financial Partners LLC now owns 65,866 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 6,338 shares during the last quarter. IVY Lane Capital Management LLC purchased a new position in AT&T during the 4th quarter worth $8,642,000. Finally, Opinicus Capital Inc. purchased a new position in AT&T during the 4th quarter worth $292,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.8 %

Shares of AT&T stock opened at $16.88 on Monday. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The stock’s 50-day simple moving average is $16.96 and its 200 day simple moving average is $16.58. The stock has a market capitalization of $120.74 billion, a P/E ratio of 9.01, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the previous year, the business posted $0.60 EPS. The firm’s quarterly revenue was down .4% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on T shares. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Tigress Financial lifted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 5th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target 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.