Cantor Fitzgerald Investment Advisors L.P. Purchases 3,461 Shares of AT&T Inc. (NYSE:T)

Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of AT&T Inc. (NYSE:T) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 671,742 shares of the technology company’s stock after acquiring an additional 3,461 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in AT&T were worth $15,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in T. Legacy Investment Solutions LLC acquired a new stake in AT&T in the third quarter valued at approximately $25,000. YANKCOM Partnership bought a new position in shares of AT&T in the 4th quarter valued at $30,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in AT&T during the 4th quarter worth $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

Shares of T stock opened at $24.56 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market capitalization of $176.19 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a 50-day simple moving average of $23.01 and a two-hundred day simple moving average of $21.77.

AT&T (NYSE:T) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Tigress Financial upped their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer started coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Wells Fargo & Company decreased their price objective on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.