Helium Advisors LLC Takes $215,000 Position in AT&T Inc. (NYSE:T)

Helium Advisors LLC bought 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. The firm bought 9,437 shares of the technology company's stock, valued at approximately $215,000.

Several other large investors have also recently made changes to their positions in T. Fourth Dimension Wealth LLC purchased a new stake in AT&T in the 4th quarter worth about $160,000. Vise Technologies Inc. grew its holdings in AT&T by 52.6% during the 4th quarter. Vise Technologies Inc. now owns 105,691 shares of the technology company's stock valued at $2,407,000 after buying an additional 36,417 shares in the last quarter. Retirement Planning Group LLC grew its holdings in AT&T by 30.8% during the 4th quarter. Retirement Planning Group LLC now owns 16,259 shares of the technology company's stock valued at $370,000 after buying an additional 3,831 shares in the last quarter. Connecticut Wealth Management LLC grew its holdings in AT&T by 9.9% during the 4th quarter. Connecticut Wealth Management LLC now owns 12,359 shares of the technology company's stock valued at $281,000 after buying an additional 1,117 shares in the last quarter. Finally, Investmark Advisory Group LLC grew its holdings in AT&T by 2.3% during the 4th quarter. Investmark Advisory Group LLC now owns 142,239 shares of the technology company's stock valued at $3,239,000 after buying an additional 3,182 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on T shares. Wells Fargo & Company lifted their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Performance

T stock traded up $0.14 during trading on Tuesday, reaching $27.56. The stock had a trading volume of 11,239,515 shares, compared to its average volume of 36,710,769. The stock's 50 day moving average is $27.32 and its two-hundred day moving average is $25.16. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03. The firm has a market cap of $198.27 billion, a PE ratio of 18.49, a PEG 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.03%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is presently 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.