4WEALTH Advisors Inc. Acquires New Holdings in AT&T Inc. (NYSE:T)

4WEALTH Advisors Inc. purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,049 shares of the technology company's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC raised its stake in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares in the last quarter. GQG Partners LLC lifted its position in AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T during the fourth quarter worth about $1,858,418,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on T shares. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. TD Securities boosted their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Sanford C. Bernstein lifted their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Up 2.6 %

NYSE T traded up $0.71 during trading hours on Tuesday, reaching $28.22. 32,306,108 shares of the company traded hands, compared to its average volume of 36,338,019. The company has a 50 day moving average of $27.08 and a two-hundred day moving average of $24.60. The stock has a market capitalization of $203.04 billion, a PE ratio of 18.94, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12 month low of $16.91 and a 12 month high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the company earned $0.55 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.