Liberty Square Wealth Partners LLC Takes $345,000 Position in AT&T Inc. (NYSE:T)

Liberty Square Wealth Partners LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,160 shares of the technology company's stock, valued at approximately $345,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 1620 Investment Advisors Inc. increased its stake in shares of AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after purchasing an additional 421 shares in the last quarter. Tradewinds Capital Management LLC raised its position in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares during the period. BNP Paribas raised its holdings in shares of AT&T by 1.0% during the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock valued at $942,000 after buying an additional 430 shares during the period. Whittier Trust Co. lifted its position in shares of AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after purchasing an additional 433 shares in the last quarter. Finally, Wealthstream Advisors Inc. grew its stake in shares of AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Trading Down 0.4%

Shares of T stock traded down $0.11 during trading hours on Thursday, hitting $27.40. 13,116,537 shares of the company were exchanged, compared to its average volume of 36,731,373. The firm has a market cap of $197.12 billion, a P/E ratio of 18.38, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $29.03. The company has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $25.20. 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 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%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business 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 4.05%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

T has been the topic of several research reports. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. TD Securities boosted their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Finally, Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.71.

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.