AlphaCore Capital LLC Boosts Position in AT&T Inc. (NYSE:T)

AlphaCore Capital LLC grew its position in AT&T Inc. (NYSE:T - Free Report) by 135.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,010 shares of the technology company's stock after purchasing an additional 26,491 shares during the quarter. AlphaCore Capital LLC's holdings in AT&T were worth $1,048,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Consolidated Planning Corp increased its holdings in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares during the period. Keystone Financial Group increased its holdings in AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the period. World Investment Advisors increased its holdings in AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the period. Fortress Financial Solutions LLC purchased a new position in AT&T during the 4th quarter worth approximately $691,000. Finally, DigitalBridge Group Inc. lifted its stake in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T stock traded up $0.22 during midday trading on Wednesday, reaching $27.61. The stock had a trading volume of 14,255,704 shares, compared to its average volume of 36,710,065. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company's fifty day simple moving average is $27.33 and its 200 day simple moving average is $25.18. The company has a market cap of $198.63 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 8.95% and a return on equity of 13.97%. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

Analyst Ratings Changes

Several brokerages recently issued reports on T. Williams Trading set a $30.00 target price on shares of AT&T in a 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. Cowen reissued a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial upped their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T 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.