Fulton Breakefield Broenniman LLC Has $184,000 Stock Position in AT&T Inc. (NYSE:T)

Fulton Breakefield Broenniman LLC decreased its holdings in shares of AT&T Inc. (NYSE:T) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,988 shares of the technology company’s stock after selling 4,120 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in AT&T were worth $184,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Headlands Technologies LLC increased its stake in shares of AT&T by 4,122.8% during the 4th quarter. Headlands Technologies LLC now owns 51,223 shares of the technology company’s stock worth $860,000 after purchasing an additional 50,010 shares during the last quarter. Kovack Advisors Inc. grew its stake in AT&T by 4.0% in the 4th quarter. Kovack Advisors Inc. now owns 157,324 shares of the technology company’s stock valued at $2,640,000 after buying an additional 6,077 shares during the last quarter. Herold Advisors Inc. grew its stake in AT&T by 5.9% in the 4th quarter. Herold Advisors Inc. now owns 69,490 shares of the technology company’s stock valued at $1,166,000 after buying an additional 3,880 shares during the last quarter. Bryn Mawr Capital Management LLC grew its stake in AT&T by 22.2% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 228,339 shares of the technology company’s stock valued at $3,832,000 after buying an additional 41,481 shares during the last quarter. Finally, Rodgers & Associates LTD acquired a new position in AT&T in the 4th quarter valued at $168,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.17 during mid-day trading on Friday, reaching $16.75. 37,852,681 shares of the stock were exchanged, compared to its average volume of 39,190,348. The company has a market cap of $119.81 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.06. The firm has a 50-day simple moving average of $16.96 and a 200 day simple moving average of $16.56. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 6.63%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a research note on Thursday, April 11th. Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.