Alteri Wealth LLC Buys New Holdings in AT&T Inc. (NYSE:T)

Alteri Wealth LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,989 shares of the technology company's stock, valued at approximately $478,000.

Several other institutional investors also recently bought and sold shares of the business. Marshall Investment Management LLC bought a new position in AT&T during the 4th quarter worth $28,000. Tradewinds Capital Management LLC increased its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. YANKCOM Partnership bought a new stake in AT&T in the 4th quarter valued at about $30,000. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. bought a new position in AT&T in the 4th quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T traded down $0.09 during trading hours on Monday, hitting $27.52. 21,331,959 shares of the stock were exchanged, compared to its average volume of 36,354,095. The firm has a market capitalization of $198.02 billion, a P/E ratio of 18.47, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $16.91 and a one year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The company's 50 day moving average is $27.08 and its 200 day moving average is $24.60.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.03%. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wells Fargo & Company increased their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. Finally, DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T 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.