YHB Investment Advisors Inc. Makes New Investment in AT&T Inc. (NYSE:T)

YHB Investment Advisors Inc. bought a new position in AT&T Inc. (NYSE:T) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,176 shares of the technology company’s stock, valued at approximately $91,000.

Several other hedge funds have also recently modified their holdings of T. Norges Bank purchased a new position in shares of AT&T in the fourth quarter worth $1,118,288,000. Ameriprise Financial Inc. increased its position in AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. FMR LLC increased its position in AT&T by 130.5% in the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after purchasing an additional 32,558,342 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in AT&T in the fourth quarter worth $316,472,000. Finally, Kodai Capital Management LP bought a new stake in AT&T in the fourth quarter worth $152,109,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on T. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Scotiabank boosted their price objective 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. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Monday, April 29th. BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday. Finally, StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.32.

AT&T Price Performance

NYSE:T remained flat at $17.86 during mid-day trading on Tuesday. 29,688,900 shares of the company were exchanged, compared to its average volume of 36,885,746. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.45. The business’s 50-day simple moving average is $17.18 and its two-hundred day simple moving average is $17.03. The stock has a market capitalization of $128.06 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 3.56 and a beta of 0.60. 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 released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, analysts expect that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is currently 59.68%.

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.