LifeWealth Investments LLC Invests $406,000 in AT&T Inc. (NYSE:T)

LifeWealth Investments LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,849 shares of the technology company's stock, valued at approximately $406,000.

Other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in shares of AT&T during the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the fourth quarter worth about $25,000. Putney Financial Group LLC bought a new position in shares of AT&T in the fourth quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC grew its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

Shares of T traded down $0.14 during midday trading on Thursday, hitting $27.37. 12,575,057 shares of the company traded hands, compared to its average volume of 40,263,258. The stock has a 50-day moving average of $27.34 and a 200-day moving average of $25.20. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The firm has a market cap of $196.91 billion, a P/E ratio of 18.37, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

Analyst Ratings Changes

T has been the subject of a number of analyst reports. Citigroup restated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research report on Thursday, February 13th. Finally, Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.