Beverly Hills Private Wealth LLC Purchases 21,825 Shares of AT&T Inc. (NYSE:T)

Beverly Hills Private Wealth LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 102.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,028 shares of the technology company's stock after purchasing an additional 21,825 shares during the period. Beverly Hills Private Wealth LLC's holdings in AT&T were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. lifted its position in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after acquiring an additional 421 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. BNP Paribas grew its holdings in AT&T by 1.0% in the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock valued at $942,000 after buying an additional 430 shares during the last quarter. Whittier Trust Co. increased its position in AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after buying an additional 433 shares during the period. Finally, Wealthstream Advisors Inc. increased its position in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on T. 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 note on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. TD Securities lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

Shares of AT&T stock traded up $0.71 during midday trading on Tuesday, reaching $28.22. The company had a trading volume of 32,463,000 shares, compared to its average volume of 36,387,329. The stock has a fifty day simple moving average of $27.11 and a 200 day simple moving average of $24.63. AT&T Inc. has a 1-year low of $17.00 and a 1-year 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. The company has a market capitalization of $203.04 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

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). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. As a group, equities research analysts forecast 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. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis 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 68.10%.

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.