Bridgewealth Advisory Group LLC Acquires 19,808 Shares of AT&T Inc. (NYSE:T)

Bridgewealth Advisory Group LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 151.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,921 shares of the technology company's stock after acquiring an additional 19,808 shares during the period. Bridgewealth Advisory Group LLC's holdings in AT&T were worth $750,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in T. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the fourth quarter valued at about $28,000. YANKCOM Partnership purchased a new position in shares of AT&T during the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC increased its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in AT&T in the fourth quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in AT&T during the 4th quarter worth $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Performance

T stock traded down $0.01 during midday trading on Friday, hitting $27.63. 22,922,269 shares of the company traded hands, compared to its average volume of 36,364,834. The business has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $24.48. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $16.73 and a twelve month high of $29.03. The stock has a market capitalization of $198.33 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 13.97% and a net margin of 8.95%. During the same period in the prior year, the firm earned $0.55 EPS. The firm's revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio 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.