Brooklyn Investment Group Has $1.26 Million Stock Position in AT&T Inc. (NYSE:T)

Brooklyn Investment Group lifted its stake in shares of AT&T Inc. (NYSE:T) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,522 shares of the technology company’s stock after purchasing an additional 1,513 shares during the quarter. Brooklyn Investment Group’s holdings in AT&T were worth $1,264,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of T. Legacy Investment Solutions LLC acquired a new stake in shares of AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in AT&T in the second quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in AT&T in the third quarter valued at about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the third quarter valued at about $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.2 %

T stock opened at $22.30 on Friday. The stock’s fifty day simple moving average is $22.79 and its two-hundred day simple moving average is $21.29. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The stock has a market cap of $159.97 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts expect that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. AT&T’s dividend payout ratio is presently 90.24%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on T shares. Tigress Financial lifted their price target on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $26.00 in a report on Monday, January 6th. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company decreased their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.