Tidemark LLC Invests $68,000 in AT&T Inc. (NYSE:T)

Tidemark LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,031 shares of the technology company’s stock, valued at approximately $68,000.

Other large investors also recently modified their holdings of the company. Ramirez Asset Management Inc. bought a new stake in shares of AT&T during the 3rd quarter worth $30,000. Western Pacific Wealth Management LP bought a new stake in shares of AT&T during the 4th quarter worth $39,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. Morton Brown Family Wealth LLC lifted its position in shares of AT&T by 588.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock worth $44,000 after buying an additional 2,241 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of AT&T by 3,202.4% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after buying an additional 2,626 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. Scotiabank lifted their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, April 29th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Tigress Financial lifted their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Trading Up 0.1 %

T stock traded up $0.02 during mid-day trading on Friday, reaching $17.49. The company’s stock had a trading volume of 7,449,788 shares, compared to its average volume of 37,081,832. The company has a market cap of $125.41 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 3.44 and a beta of 0.57. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.16. The business’s 50 day moving average price is $17.04 and its 200 day moving average price is $16.84. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion during 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 company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, equities research analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.35%. AT&T’s dividend payout ratio is 59.68%.

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.