180 Wealth Advisors LLC Raises Stake in AT&T Inc. (NYSE:T)

180 Wealth Advisors LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 36.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,198 shares of the technology company's stock after purchasing an additional 19,180 shares during the period. 180 Wealth Advisors LLC's holdings in AT&T were worth $2,013,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of T. Minot DeBlois Advisors LLC purchased a new stake in AT&T in the 4th quarter valued at $25,000. Capital A Wealth Management LLC purchased a new stake in AT&T in the 4th quarter valued at $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $28,000. Finally, YANKCOM Partnership purchased a new stake in shares of AT&T during the 4th quarter valued at $30,000. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on T shares. Tigress Financial raised their target price on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Barclays raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

NYSE T traded up $0.14 during trading hours on Monday, hitting $27.94. The company had a trading volume of 26,897,444 shares, compared to its average volume of 36,735,577. AT&T Inc. has a 52 week low of $17.42 and a 52 week high of $29.03. The firm has a 50 day simple moving average of $27.36 and a 200 day simple moving average of $25.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $201.04 billion, a price-to-earnings ratio of 18.75, a PEG 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 analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts expect 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. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.97%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.