Elyxium Wealth LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,956 shares of the technology company's stock, valued at approximately $734,000.
A number of other large investors have also added to or reduced their stakes in the company. Next Level Private LLC lifted its position in shares of AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after acquiring an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after purchasing an additional 384 shares during the period. Kozak & Associates Inc. raised its stake in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of AT&T by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC increased its position in AT&T by 4.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares during the period. Institutional investors own 57.10% of the company's stock.
AT&T Trading Down 0.3%
Shares of T stock opened at $26.92 on Friday. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $26.47. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $193.71 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.36 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last announced its 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). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Citigroup restated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank Of Canada lifted their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Barclays boosted their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.17.
Get Our Latest Stock Report on AT&T
About AT&T
(
Free Report)
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.
Further Reading
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