Bryn Mawr Capital Management LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Bryn Mawr Capital Management LLC lifted its stake in shares of AT&T Inc. (NYSE:T) by 22.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 228,339 shares of the technology company’s stock after buying an additional 41,481 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in AT&T were worth $3,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of T. Rodgers & Associates LTD purchased a new stake in AT&T during the fourth quarter valued at approximately $168,000. Semanteon Capital Management LP bought a new stake in shares of AT&T in the 4th quarter worth about $181,000. Jackson Hole Capital Partners LLC lifted its holdings in AT&T by 4.7% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 134,876 shares of the technology company’s stock valued at $2,263,000 after buying an additional 6,083 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in AT&T by 2.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,102,152 shares of the technology company’s stock valued at $68,834,000 after purchasing an additional 80,269 shares during the period. Finally, Syon Capital LLC increased its position in AT&T by 46.3% during the 4th quarter. Syon Capital LLC now owns 16,652 shares of the technology company’s stock valued at $279,000 after purchasing an additional 5,269 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on T shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Citigroup boosted their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Finally, TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.81.

AT&T Stock Performance

Shares of T traded up $0.17 during trading hours on Friday, reaching $16.75. 37,842,157 shares of the company’s stock traded hands, compared to its average volume of 39,393,957. The firm has a market capitalization of $119.77 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 2.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.67. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The business’s fifty day simple moving average is $16.96 and its two-hundred day simple moving average is $16.56.

AT&T (NYSE:T) last released its quarterly earnings results 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. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the company posted $0.60 EPS. AT&T’s revenue for the quarter was down .4% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 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.