LifeWealth Investments LLC Buys 9,797 Shares of AT&T Inc. (NYSE:T)

LifeWealth Investments LLC increased its stake in AT&T Inc. (NYSE:T - Free Report) by 54.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,646 shares of the technology company's stock after acquiring an additional 9,797 shares during the period. LifeWealth Investments LLC's holdings in AT&T were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of AT&T in the fourth quarter valued at about $1,858,418,000. GQG Partners LLC grew its stake in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after purchasing an additional 12,881,578 shares during the period. Northern Trust Corp raised its position in AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after buying an additional 9,719,036 shares during the period. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

T has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given 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, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Stock Down 1.2%

NYSE T opened at $27.65 on Wednesday. AT&T Inc. has a 52 week low of $17.86 and a 52 week high of $29.03. The company has a market capitalization of $198.92 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 3.89 and a beta of 0.41. The stock's 50-day moving average price is $27.47 and its 200-day moving average price is $25.71. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last posted 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 business had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. On average, equities research analysts predict 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 Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) 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.

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