71,200 Shares in AT&T Inc. (T) Obtained by Diligent Investors LLC

71,200 Shares in AT&T Inc. (T) Obtained by Diligent Investors LLC

Diligent Investors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 71,200 shares of the company’s stock, valued at approximately $3,028,000. AT&T accounts for approximately 2.4% of Diligent Investors LLC’s holdings, making the stock its 5th largest position.

Several other hedge funds have also added to or reduced their stakes in T. Sunbelt Securities Inc. boosted its position in AT&T by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 4,994 shares of the company’s stock valued at $212,000 after buying an additional 15 shares in the last quarter. American Economic Planning Group Inc. ADV boosted its position in AT&T by 0.4% in the third quarter. American Economic Planning Group Inc. ADV now owns 8,898 shares of the company’s stock valued at $362,000 after buying an additional 32 shares in the last quarter. Stanford Investment Group Inc. boosted its position in AT&T by 0.4% in the fourth quarter. Stanford Investment Group Inc. now owns 10,086 shares of the company’s stock valued at $429,000 after buying an additional 38 shares in the last quarter. Sterling Global Strategies LLC boosted its position in AT&T by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 11,594 shares of the company’s stock valued at $493,000 after buying an additional 49 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in AT&T by 1.2% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 5,883 shares of the company’s stock valued at $239,000 after buying an additional 68 shares in the last quarter. 53.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of AT&T Inc. (NYSE:T) opened at 41.55 on Friday. AT&T Inc. has a one year low of $36.10 and a one year high of $43.89. The company has a 50 day moving average of $41.81 and a 200-day moving average of $40.38. The stock has a market cap of $255.18 billion, a price-to-earnings ratio of 19.80 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $0.66 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.66. AT&T had a net margin of 7.92% and a return on equity of 14.15%. The company earned $41.80 billion during the quarter, compared to the consensus estimate of $42.14 billion. During the same quarter in the prior year, the company posted $0.63 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that AT&T Inc. will post $2.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Thursday, April 6th. AT&T’s dividend payout ratio is currently 93.78%.

Several research firms recently issued reports on T. Vetr cut shares of AT&T from a “hold” rating to a “sell” rating and set a $41.10 target price for the company. in a research note on Thursday, December 22nd. Deutsche Bank AG reiterated a “hold” rating and issued a $42.00 target price on shares of AT&T in a research note on Saturday, March 11th. William Blair reiterated a “market perform” rating on shares of AT&T in a research note on Saturday, January 28th. Evercore ISI began coverage on shares of AT&T in a research note on Monday, January 30th. They issued a “hold” rating and a $44.00 target price for the company. Finally, Macquarie reiterated a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Sunday, January 22nd. Fifteen investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.42.

About AT&T

AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.

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