Paradigm Financial Partners LLC Boosts Stock Holdings in AT&T Inc. (NYSE:T)

Paradigm Financial Partners LLC increased its stake in AT&T Inc. (NYSE:T) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,866 shares of the technology company’s stock after acquiring an additional 6,338 shares during the period. Paradigm Financial Partners LLC’s holdings in AT&T were worth $1,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares in the last quarter. JB Capital LLC increased its position in AT&T by 2.4% during the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after purchasing an additional 614 shares during the period. Schubert & Co increased its position in AT&T by 2.0% during the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after purchasing an additional 631 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of AT&T by 4.5% during the 4th quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock worth $270,000 after buying an additional 678 shares in the last quarter. Finally, Wealthstar Advisors LLC lifted its holdings in shares of AT&T by 5.9% in the 4th quarter. Wealthstar Advisors LLC now owns 12,566 shares of the technology company’s stock valued at $211,000 after buying an additional 700 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE:T opened at $16.75 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The business’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $16.58. The stock has a market cap of $119.81 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 earnings per share. On average, analysts forecast that AT&T Inc. will post 2.22 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.63%. AT&T’s payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Scotiabank increased their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, January 19th. Citigroup upped their target price on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

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.