Twin Capital Management Inc. grew its stake in AT&T (NYSE:T) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 789,290 shares of the technology company’s stock after purchasing an additional 19,730 shares during the period. AT&T comprises approximately 1.5% of Twin Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Twin Capital Management Inc.’s holdings in AT&T were worth $30,688,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. New Capital Management LP raised its stake in shares of AT&T by 130.9% during the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after buying an additional 1,500 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of AT&T during the 3rd quarter worth approximately $104,000. Macroview Investment Management LLC raised its stake in shares of AT&T by 144.3% during the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after buying an additional 1,595 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of AT&T during the 2nd quarter worth approximately $134,000. Finally, Israel Discount Bank of New York raised its stake in shares of AT&T by 0.6% during the 2nd quarter. Israel Discount Bank of New York now owns 4,075 shares of the technology company’s stock worth $154,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 55.94% of the company’s stock.
NYSE T opened at $35.63 on Friday. The firm has a market cap of $221,863.45, a PE ratio of 11.68, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.97 and a quick ratio of 0.97. AT&T has a twelve month low of $32.55 and a twelve month high of $40.86.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, April 9th. AT&T’s dividend payout ratio (DPR) is 65.57%.
Several brokerages have recently weighed in on T. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 target price for the company. in a research note on Tuesday, February 13th. Bank of America upped their target price on AT&T from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. KeyCorp upped their target price on AT&T from $35.00 to $38.00 and gave the stock a “sector weight” rating in a research note on Tuesday, January 2nd. Guggenheim assumed coverage on AT&T in a research note on Tuesday, March 13th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.56.
In other news, CEO John Donovan bought 27,997 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $35.68 per share, for a total transaction of $998,932.96. Following the acquisition, the chief executive officer now directly owns 179,834 shares of the company’s stock, valued at approximately $6,416,477.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John T. Stankey sold 2,307 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.21, for a total value of $90,457.47. Following the transaction, the executive vice president now owns 51,672 shares of the company’s stock, valued at $2,026,059.12. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
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AT&T Company Profile
AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.
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