US Financial Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,975 shares of the technology company's stock, valued at approximately $204,000.
Other institutional investors also recently modified their holdings of the company. Waverly Advisors LLC boosted its holdings in AT&T by 12.0% in the fourth quarter. Waverly Advisors LLC now owns 339,011 shares of the technology company's stock valued at $7,719,000 after acquiring an additional 36,277 shares in the last quarter. Zimmer Partners LP lifted its position in shares of AT&T by 155.0% in the 4th quarter. Zimmer Partners LP now owns 275,000 shares of the technology company's stock worth $6,262,000 after purchasing an additional 775,000 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of AT&T during the 4th quarter valued at about $32,850,000. Vident Advisory LLC increased its position in shares of AT&T by 1.0% during the fourth quarter. Vident Advisory LLC now owns 631,611 shares of the technology company's stock valued at $14,382,000 after buying an additional 6,096 shares during the period. Finally, Visionary Wealth Advisors raised its stake in AT&T by 24.1% in the fourth quarter. Visionary Wealth Advisors now owns 43,471 shares of the technology company's stock worth $990,000 after buying an additional 8,449 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Stock Up 0.8%
Shares of T stock traded up $0.22 on Friday, hitting $27.45. The stock had a trading volume of 21,833,923 shares, compared to its average volume of 36,745,998. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $27.29 and a 200 day moving average price of $25.05. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The company has a market cap of $197.50 billion, a PE ratio of 18.42, a P/E/G 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 for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during 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%. AT&T's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid 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 4.04%. AT&T's payout ratio is currently 68.10%.
Wall Street Analysts Forecast Growth
T has been the topic of several research reports. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Sanford C. Bernstein lifted their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Barclays upped their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. One research 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's stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.
Read Our Latest Report on T
AT&T Company Profile
(
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.
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