150,000 Shares in AT&T Inc. $T Purchased by Tiptree Advisors LLC

Key Points

• Tiptree Advisors LLC has purchased 150,000 shares of AT&T Inc., valued at approximately $4.24 million, making it the 14th largest holding in their investment portfolio.
• Analysts have diverse views on AT&T, with a consensus rating of "Moderate Buy" and a target price of $30.55, reflecting optimism in the stock's future performance.
• AT&T recently announced a quarterly dividend of $0.2775, representing an annual yield of 3.8% based on a payout ratio of 63.07%.

Tiptree Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,000 shares of the technology company's stock, valued at approximately $4,242,000. AT&T accounts for 3.5% of Tiptree Advisors LLC's investment portfolio, making the stock its 14th largest holding.

Other institutional investors have also modified their holdings of the company. AllSquare Wealth Management LLC raised its holdings in AT&T by 7.1% during the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company's stock valued at $161,000 after buying an additional 378 shares during the period. Next Level Private LLC boosted its stake in AT&T by 0.3% during the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after buying an additional 379 shares during the period. Barnes Wealth Management Group Inc increased its position in AT&T by 2.6% during the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company's stock valued at $425,000 after acquiring an additional 380 shares during the last quarter. Carolinas Wealth Consulting LLC raised its stake in shares of AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the period. Finally, Kozak & Associates Inc. raised its position in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the period. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on T shares. The Goldman Sachs Group started coverage on shares of AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. HSBC cut AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. Wells Fargo & Company lifted their target price on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group reiterated a "buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $30.55.

AT&T Price Performance

NYSE T opened at $29.57 on Friday. The company has a market cap of $211.40 billion, a PE ratio of 16.80, a P/E/G ratio of 3.66 and a beta of 0.44. The firm's 50 day moving average price is $28.23 and its 200-day moving average price is $27.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a 52-week low of $20.65 and a 52-week high of $29.79.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.AT&T's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. AT&T's payout ratio is currently 63.07%.

About AT&T

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.

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