Rodgers & Associates LTD Makes New $168,000 Investment in AT&T Inc. (NYSE:T)

Rodgers & Associates LTD purchased a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,017 shares of the technology company’s stock, valued at approximately $168,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Ameriprise Financial Inc. grew its position in AT&T by 185.6% during the 3rd 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 in the last quarter. FMR LLC grew its position in AT&T by 130.5% during the 3rd 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 in the last quarter. California Public Employees Retirement System boosted its stake in shares of AT&T by 38.0% during the 3rd quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock valued at $519,070,000 after buying an additional 9,518,478 shares during the period. Barclays PLC boosted its stake in shares of AT&T by 30.6% during the 3rd quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock valued at $393,931,000 after buying an additional 6,137,909 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of AT&T by 43.0% during the 3rd quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after buying an additional 4,432,136 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE:T traded down $0.22 on Thursday, hitting $16.59. 46,667,665 shares of the company were exchanged, compared to its average volume of 39,434,195. The company’s 50 day moving average price is $16.97 and its two-hundred day moving average price is $16.54. 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 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The firm has a market capitalization of $118.63 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.49 and a beta of 0.57.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.76% and a return on equity of 15.39%. The firm had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on T shares. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Barclays lifted their price objective on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Oppenheimer raised shares of 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. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus target price of $20.81.

About AT&T

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.