Hexagon Capital Partners LLC Buys 5,036 Shares of AT&T Inc. (NYSE:T)

Hexagon Capital Partners LLC grew its stake in AT&T Inc. (NYSE:T) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,995 shares of the technology company’s stock after acquiring an additional 5,036 shares during the period. Hexagon Capital Partners LLC’s holdings in AT&T were worth $940,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in T. Carmel Capital Partners LLC lifted its position in shares of AT&T by 16,250.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the period. Lipe & Dalton purchased a new stake in shares of AT&T in the 3rd quarter worth approximately $30,000. Ramirez Asset Management Inc. purchased a new stake in shares of AT&T in the 3rd quarter worth approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% in 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 period. Finally, Financial Gravity Asset Management Inc. lifted its position in shares of 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 worth $41,000 after purchasing an additional 2,626 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of NYSE T traded down $0.12 during trading on Tuesday, hitting $16.90. The company had a trading volume of 31,792,882 shares, compared to its average volume of 39,373,371. The stock has a fifty day simple moving average of $16.97 and a two-hundred day simple moving average of $16.62. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The firm has a market capitalization of $120.85 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.22 earnings per share for the current year.

AT&T Announces Dividend

The firm 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 $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on T. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Thursday, April 25th. Scotiabank increased their target price on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Finally, Oppenheimer raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Friday, January 19th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.