Twin Focus Capital Partners LLC Has $462,000 Holdings in AT&T Inc. (NYSE:T)

Twin Focus Capital Partners LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,535 shares of the technology company’s stock after buying an additional 8,000 shares during the quarter. Twin Focus Capital Partners LLC’s holdings in AT&T were worth $462,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in AT&T during the fourth quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the third quarter valued at approximately $30,000. Western Pacific Wealth Management LP acquired a new position in shares of AT&T in the fourth quarter valued at approximately $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on T shares. Scotiabank upped their target price on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Finally, Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.32.

AT&T Stock Down 0.2 %

NYSE T opened at $17.64 on Monday. The business has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $17.06. 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 Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45. The stock has a market capitalization of $126.48 billion, a PE ratio of 9.48, a PEG ratio of 3.47 and a beta of 0.60.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

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.