SLT Holdings LLC Acquires Shares in AT&T Inc.

SLT Holdings LLC has recently made a significant move by acquiring a new position in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter. According to their most recent Form 13F filing with the Securities and Exchange Commission, the institutional investor purchased 23,725 shares of AT&T's stock, amounting to a total valuation of approximately $540,000.

In addition to SLT Holdings, several other institutional investors have also adjusted their positions in AT&T. Notably, Legacy Investment Solutions LLC took a new position in the third quarter valued at around $25,000, while Marshall Investment Management LLC made a similar move in the fourth quarter, investing about $28,000. Furthermore, Ritter Daniher Financial Advisory LLC DE increased its holdings in AT&T by an impressive 169.2% in the third quarter, now holding 1,338 shares worth $29,000 after adding 841 shares during the last quarter. YANKCOM Partnership also entered the scene with a new position valued at about $30,000 in the fourth quarter. Tradewinds Capital Management LLC boosted its holdings by 48.6% in the fourth quarter, now owning 1,314 shares valued at $30,000 after acquiring an additional 430 shares in the recently concluded quarter. Collectively, hedge funds and institutional investors now hold 57.10% of AT&T's stock.

AT&T's Stock Performance

On Friday, AT&T's stock opened at $27.15. The company’s performance in the market includes a 50-day moving average of $24.30 and a 200-day moving average of $22.82. Currently, AT&T boasts a market capitalization of $194.85 billion, a price-to-earnings (P/E) ratio of 18.22, and a PEG ratio of 3.00. The stock has seen a yearly low of $15.94 and a high of $27.97. Additionally, AT&T has a debt-to-equity ratio of 1.00, a quick ratio of 0.62, and a current ratio of 0.66.

Earnings Report and Dividends

Most recently, AT&T released its earnings results on January 27, where it reported earnings of $0.54 per share for the quarter, surpassing the consensus estimate of $0.48 by a margin of $0.06. The company experienced a net margin of 8.95% and had a return on equity of 13.97%. Analysts predict that AT&T will report an earnings per share (EPS) of 2.14 for the current fiscal year.

Additionally, AT&T also declared a quarterly dividend, which was paid on February 3. Stockholders on record as of January 10 received a dividend of $0.2775. This reflects an annualized dividend of $1.11 and a yield of 4.09%, with an ex-dividend date also recorded as January 10. The current dividend payout ratio stands at 74.50%.

Recent Analyst Ratings

Brokerages have recently updated their ratings regarding AT&T. Citigroup raised its target price from $26.00 to $28.00 with a "buy" rating as of December 4. Similarly, Sanford C. Bernstein revised its target for AT&T from $28.00 to $29.00, giving it an "outperform" rating. Furthermore, Barclays increased its price objective from $24.00 to $27.00 and labeled AT&T as "overweight." Scotiabank followed suit, raising its target from $26.00 to $28.50 with a "sector outperform" rating. DZ Bank also upgraded its rating from "hold" to "buy," setting a target price of $27.00. Overall, one analyst rated the stock as a sell, five as hold, seventeen as buy, and one as strong buy, resulting in a consensus rating of "Moderate Buy" with an average price target of $26.74.

About AT&T Inc.

AT&T Inc. is a holding company that specializes in providing telecommunications and technology services. Operations are divided into two main segments: Communications and Latin America. The Communications segment focuses on wireless, wireline telecom, and broadband services to both business and consumer markets in the United States and globally.

Investment, Shares, Market