Breakwater Capital Group Purchases 11,429 Shares of AT&T Inc. (NYSE:T)

by · The Cerbat Gem

Breakwater Capital Group boosted its position in shares of AT&T Inc. (NYSE:T – Free Report) by 30.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 48,735 shares of the technology company’s stock after acquiring an additional 11,429 shares during the period. Breakwater Capital Group’s holdings in AT&T were worth $1,110,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Quest Partners LLC increased its holdings in shares of AT&T by 5,378.3% during the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after purchasing an additional 3,711 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of AT&T by 32.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after purchasing an additional 4,824 shares during the last quarter. Retirement Planning Co of New England Inc. increased its position in shares of AT&T by 12.1% during the second quarter. Retirement Planning Co of New England Inc. now owns 12,039 shares of the technology company’s stock valued at $230,000 after acquiring an additional 1,297 shares during the last quarter. WINTON GROUP Ltd increased its holdings in AT&T by 217.9% in the 2nd quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock valued at $1,361,000 after purchasing an additional 48,831 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of AT&T by 32.6% in the second quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock valued at $2,173,000 after buying an additional 27,970 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on T. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Redburn Atlantic raised shares of AT&T to a “strong sell” rating in a research report on Monday, September 16th. Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.76.

View Our Latest Stock Report on T

AT&T Price Performance

Shares of NYSE T opened at $21.56 on Tuesday. The business has a 50 day simple moving average of $22.81 and a 200-day simple moving average of $21.26. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a market capitalization of $154.70 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. AT&T’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts expect that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.15%. AT&T’s payout ratio is currently 90.24%.

AT&T Company Profile

(Free Report)

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.

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