Machina Capital S.A.S. Acquires New Position in AT&T Inc. (NYSE:T)

Machina Capital S.A.S. purchased a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,745 shares of the technology company’s stock, valued at approximately $684,000.

Several other institutional investors also recently bought and sold shares of T. Carmel Capital Partners LLC raised its holdings in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the period. Lipe & Dalton purchased a new stake in AT&T in the third quarter valued at $30,000. Ramirez Asset Management Inc. purchased a new position in shares of AT&T during the 3rd quarter worth $30,000. Farmers & Merchants Trust Co of Chambersburg PA increased 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 purchasing an additional 606 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. raised its holdings in AT&T by 3,202.4% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after buying an additional 2,626 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock traded up $0.14 during mid-day trading on Monday, reaching $16.99. The company had a trading volume of 24,179,539 shares, compared to its average volume of 38,930,922. The stock’s 50-day simple moving average is $16.98 and its 200-day simple moving average is $16.68. The company has a market capitalization of $121.82 billion, a P/E ratio of 9.13, a P/E/G ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. On average, equities analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.53%. AT&T’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

Several research firms have recently commented on T. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research note on Monday, April 29th. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Tigress Financial lifted their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.81.

AT&T Company Profile

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.