Edgar Lomax Co. VA Purchases 1,057,830 Shares of AT&T Inc. (NYSE:T)

Edgar Lomax Co. VA grew its holdings in AT&T Inc. (NYSE:T) by 171.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,675,798 shares of the technology company’s stock after purchasing an additional 1,057,830 shares during the quarter. AT&T makes up approximately 2.5% of Edgar Lomax Co. VA’s holdings, making the stock its 15th biggest holding. Edgar Lomax Co. VA’s holdings in AT&T were worth $38,158,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth about $28,000. Tradewinds Capital Management LLC grew its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. YANKCOM Partnership bought a new stake in AT&T in the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter worth $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in shares of AT&T during the fourth quarter worth $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on T. Royal Bank of Canada raised their price objective on AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research report on Thursday. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.24.

AT&T Stock Performance

Shares of NYSE T opened at $27.12 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a 50 day moving average price of $26.84 and a 200 day moving average price of $24.14. The stock has a market capitalization of $194.67 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $16.17 and a 52 week high of $29.03.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.09%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

AT&T Company 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.