Blueprint Financial Advisors LLC Buys New Position in AT&T Inc. (NYSE:T)

Key Points

• Blueprint Financial Advisors LLC has invested approximately $442,000 in AT&T Inc. by acquiring 15,638 shares, making it the firm’s 25th largest position.
• AT&T's latest earnings report showed a 3.4% year-over-year revenue increase to $30.85 billion and an EPS of $0.54, slightly beating expectations.
• The company recently announced a quarterly dividend of $0.2775 per share, which translates to a 4.0% dividend yield for investors.

Blueprint Financial Advisors LLC acquired a new position in AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,638 shares of the technology company's stock, valued at approximately $442,000. AT&T makes up approximately 0.2% of Blueprint Financial Advisors LLC's portfolio, making the stock its 25th largest position.

Other hedge funds have also recently made changes to their positions in the company. Keystone Financial Group lifted its stake in AT&T by 196.3% in the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after buying an additional 143,744 shares during the period. Capstone Wealth Management LLC bought a new position in AT&T in the first quarter worth approximately $201,000. DigitalBridge Group Inc. boosted its holdings in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after acquiring an additional 365,776 shares in the last quarter. Wedmont Private Capital boosted its holdings in AT&T by 7.9% in the first quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock worth $3,302,000 after acquiring an additional 9,027 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in AT&T by 10.2% in the first quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock worth $31,389,000 after acquiring an additional 102,419 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

NYSE:T traded down $0.08 during midday trading on Wednesday, hitting $28.40. The company had a trading volume of 26,375,071 shares, compared to its average volume of 37,541,125. AT&T Inc. has a 52-week low of $18.97 and a 52-week high of $29.19. The stock's fifty day moving average price is $27.85 and its 200-day moving average price is $27.12. The company has a market capitalization of $203.07 billion, a PE ratio of 16.14, a P/E/G ratio of 3.49 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.9%. AT&T's dividend payout ratio (DPR) is currently 63.07%.

Analysts Set New Price Targets

Several brokerages have issued reports on T. UBS Group reiterated a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Tigress Financial lifted their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Raymond James Financial reiterated a "strong-buy" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. Finally, Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One investment 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's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.66.

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.