Lawson Kroeker Investment Management Has $1,011,000 Stake in AT&T Inc. (T)
Lawson Kroeker Investment Management held its position in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 29,395 shares of the company’s stock at the end of the fourth quarter. Lawson Kroeker Investment Management’s holdings in AT&T were worth $1,011,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. River & Mercantile Asset Management bought a new stake in shares of AT&T during the fourth quarter worth approximately $51,000. Tirschwell & Loewy raised its stake in shares of AT&T by 13.0% in the fourth quarter. Tirschwell & Loewy now owns 8,447 shares of the company’s stock valued at $291,000 after buying an additional 970 shares during the last quarter. Toth Financial acquired a new stake in shares of AT&T during the fourth quarter valued at about $523,000. Harvest Management acquired a new stake in shares of AT&T during the third quarter valued at about $554,000. Finally, Stillwater Investment Management raised its stake in shares of AT&T by 0.8% in the fourth quarter. Stillwater Investment Management now owns 20,421 shares of the company’s stock valued at $703,000 after buying an additional 162 shares during the last quarter.
Shares of AT&T Inc. (NYSE:T) traded up 1.66% during trading on Thursday, reaching $34.30. 36,326,035 shares of the company’s stock traded hands. The company has a market cap of $211.01 billion and a price-to-earnings ratio of 36.07. The company’s 50-day moving average is $33.99 and its 200 day moving average is $33.72. AT&T Inc. has a 52-week low of $30.97 and a 52-week high of $36.45.
AT&T (NYSE:T) last issued its earnings results on Thursday, October 22nd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $39.10 billion for the quarter, compared to the consensus estimate of $41.08 billion. AT&T’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts forecast that AT&T Inc. will post $2.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Friday, January 8th will be given a $0.48 dividend. This is a boost from AT&T’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.60%.
Several brokerages have issued reports on T. UBS AG reiterated a “buy” rating and issued a $42.00 price target on shares of AT&T in a research note on Thursday, November 19th. Bank of America reiterated a “buy” rating on shares of AT&T in a research note on Friday, January 1st. Oppenheimer reiterated an “outperform” rating and issued a $40.00 price target on shares of AT&T in a research note on Wednesday, November 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $32.00 price target (down from $34.00) on shares of AT&T in a research note on Thursday, December 3rd. Finally, Zacks Investment Research lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. AT&T has a consensus rating of “Buy” and a consensus price target of $38.24.
AT&T Inc. is a holding company. The Company provides telecommunications services. Its services and products include wireless communications, data/broadband and Internet services, video services, local exchange services, long-distance services, telecommunications equipment, managed networking and wholesale services. Its segments include Wireless, Wireline and International. Its wireless subsidiaries provide both wireless voice and data communication services. The wireline subsidiaries provide landline data and voice communication services, AT&T U-verse broadband, video and voice services (NYSE:T) and managed networking. Its International segment uses the Iusacell and Unefon regional and national networks to provide wireless data and voice communication services. Its International segment also utilizes the networks of Nextel Mexico to provide similar services. Through its subsidiary, DIRECTV Group Holdings, LLC, it provides pay television in the United States and across the world.

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