Fielder Capital Group LLC Invests $236,000 in AT&T Inc. (NYSE:T)

Fielder Capital Group LLC acquired a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,072 shares of the technology company’s stock, valued at approximately $236,000.

Several other large investors have also added to or reduced their stakes in the business. Sora Investors LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at approximately $11,265,000. Provence Wealth Management Group grew its position in shares of AT&T by 55.8% in the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock valued at $272,000 after acquiring an additional 5,807 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after purchasing an additional 1,178 shares during the last quarter. Retireful LLC bought a new stake in shares of AT&T in the 4th quarter valued at about $1,163,000. Finally, Brighton Jones LLC lifted its stake in AT&T by 12.6% in the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock valued at $776,000 after purchasing an additional 5,161 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

AT&T stock traded up $0.14 during mid-day trading on Monday, reaching $16.99. 24,179,539 shares of the company were exchanged, compared to its average volume of 38,930,922. The company has a fifty day simple moving average of $16.98 and a 200-day simple moving average of $16.68. The firm has a market cap of $121.82 billion, a PE ratio of 9.13, a PEG ratio of 3.32 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 0.63. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.53%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Scotiabank lifted their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Monday, April 29th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, January 19th. Five 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, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $20.81.

AT&T 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.