AlphaCore Capital LLC Grows Stake in AT&T Inc. (NYSE:T)

AlphaCore Capital LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 135.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,010 shares of the technology company's stock after purchasing an additional 26,491 shares during the period. AlphaCore Capital LLC's holdings in AT&T were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of T. Daymark Wealth Partners LLC increased its stake in shares of AT&T by 4.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 27,784 shares of the technology company's stock worth $633,000 after purchasing an additional 1,212 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in AT&T by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 2,254,967 shares of the technology company's stock worth $51,346,000 after acquiring an additional 22,342 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its position in AT&T by 58.1% during the fourth quarter. Beacon Investment Advisory Services Inc. now owns 39,670 shares of the technology company's stock worth $903,000 after acquiring an additional 14,584 shares during the last quarter. Red Door Wealth Management LLC boosted its position in AT&T by 5.2% during the fourth quarter. Red Door Wealth Management LLC now owns 34,443 shares of the technology company's stock worth $784,000 after acquiring an additional 1,717 shares during the last quarter. Finally, Secure Asset Management LLC boosted its position in AT&T by 10.0% during the fourth quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company's stock worth $1,016,000 after acquiring an additional 4,060 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Royal Bank of Canada boosted their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

AT&T stock opened at $27.45 on Friday. The company's 50 day simple moving average is $27.30 and its 200-day simple moving average is $25.09. The company has a market capitalization of $197.50 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released 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 company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. As a group, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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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