GUNN & Co INVESTMENT MANAGEMENT INC. Makes New $258,000 Investment in AT&T Inc. (NYSE:T)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,365 shares of the technology company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Carmel Capital Partners LLC increased its stake in shares of AT&T by 16,250.0% during 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 last quarter. Lipe & Dalton bought a new position in AT&T during the third quarter valued at about $30,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter worth about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of AT&T by 35.3% during 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 acquiring an additional 606 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. raised its stake 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 valued at $41,000 after acquiring an additional 2,626 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Up 0.2 %

Shares of T opened at $16.85 on Monday. The stock’s 50-day moving average price is $16.97 and its 200 day moving average price is $16.67. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $120.52 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday. Scotiabank boosted their target price on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Oppenheimer upgraded 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. Finally, TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target 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.