Headlands Technologies LLC Raises Position in AT&T Inc. (NYSE:T)

Headlands Technologies LLC lifted its position in AT&T Inc. (NYSE:T) by 4,122.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,223 shares of the technology company’s stock after buying an additional 50,010 shares during the period. Headlands Technologies LLC’s holdings in AT&T were worth $860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Carmel Capital Partners LLC lifted its position in AT&T by 16,250.0% during the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton bought a new stake in shares of AT&T in the third quarter worth $30,000. Ramirez Asset Management Inc. purchased a new stake in AT&T during the third quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the period. Finally, Financial Gravity Asset Management Inc. lifted its holdings in AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,626 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.0 %

NYSE T traded up $0.17 during trading on Friday, hitting $16.75. The stock had a trading volume of 37,852,681 shares, compared to its average volume of 39,190,348. The stock has a market capitalization of $119.81 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 2.50 and a beta of 0.57. The stock has a 50 day simple moving average of $16.96 and a 200 day simple moving average of $16.56. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.67 and a current ratio of 0.68.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business 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 business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is 59.68%.

Analyst Ratings Changes

T has been the subject of several analyst reports. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Scotiabank lifted their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Tuesday, March 5th. 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 issued a buy rating to the company. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T 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.