AT&T Inc. (NYSE:T) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,994 shares of the technology company’s stock after acquiring an additional 4,784 shares during the period. Pallas Capital Advisors LLC’s holdings in AT&T were worth $1,389,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC increased its position in AT&T by 5,378.3% in the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after acquiring an additional 3,711 shares during the period. Thoroughbred Financial Services LLC lifted its position in AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock worth $372,000 after acquiring an additional 4,824 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in shares of AT&T by 12.1% in 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 purchasing an additional 1,297 shares during the period. WINTON GROUP Ltd raised its stake in shares of AT&T by 217.9% during the second quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock worth $1,361,000 after purchasing an additional 48,831 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of AT&T by 32.6% during the second quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 27,970 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Down 0.6 %

Shares of T opened at $21.56 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The stock has a market cap 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 firm has a 50 day simple moving average of $22.81 and a 200-day simple moving average of $21.26.

AT&T (NYSE:T) last released its quarterly earnings results 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 return on equity of 13.97% and a net margin of 7.42%. The company had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the business posted $0.64 earnings per share. AT&T’s revenue was down .5% compared to the same quarter last year. Equities analysts forecast that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

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 dividend of $0.2775 per share. 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 dividend payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Evercore ISI increased their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

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.