15,420 Shares in AT&T Inc. (NYSE:T) Acquired by Clearwater Capital Advisors LLC

Key Points

• Clearwater Capital Advisors LLC purchased 15,420 shares of AT&T Inc., valued at approximately $436,000, indicating renewed institutional interest in the company.
• AT&T's quarterly earnings report showed a net margin of 10.29% and revenue of $30.85 billion, surpassing estimates with earnings per share of $0.54.
• The company announced a quarterly dividend of $0.2775 per share, representing an annualized yield of 4.0% and a dividend payout ratio of 63.07%.

Clearwater Capital Advisors LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,420 shares of the technology company's stock, valued at approximately $436,000.

Several other institutional investors have also recently bought and sold shares of T. Keystone Financial Group increased its holdings in shares of AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after purchasing an additional 143,744 shares in the last quarter. Capstone Wealth Management LLC bought a new position in AT&T in the 1st quarter valued at $201,000. World Investment Advisors boosted its position in AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after buying an additional 63,359 shares during the last quarter. DigitalBridge Group Inc. increased its stake in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after buying an additional 365,776 shares during the period. Finally, Wedmont Private Capital raised its position in shares of AT&T by 7.9% during the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock worth $3,302,000 after acquiring an additional 9,027 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on T. Raymond James Financial reiterated a "strong-buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, July 24th. TD Securities upped 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. Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Finally, Tigress Financial increased their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.66.

AT&T Price Performance

NYSE T opened at $27.76 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market cap of $198.49 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 3.40 and a beta of 0.42. The business has a 50 day simple moving average of $27.80 and a 200 day simple moving average of $26.81. AT&T Inc. has a 52-week low of $18.64 and a 52-week high of $29.19.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T's dividend payout ratio (DPR) is presently 63.07%.

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.

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