LifeWealth Investments LLC Takes Position in AT&T Inc. (NYSE:T)

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

A number of other hedge funds also recently bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of AT&T in the fourth quarter valued at approximately $28,000. Finally, YANKCOM Partnership purchased a new position in shares of AT&T in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.5%

T stock traded up $0.13 during midday trading on Wednesday, hitting $27.52. 32,250,636 shares of the company's stock were exchanged, compared to its average volume of 36,778,827. The business has a 50-day simple moving average of $27.33 and a two-hundred day simple moving average of $25.18. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $198.02 billion, a PE ratio of 18.47, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted 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 analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.03%. AT&T's payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

T has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating 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 report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Barclays raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada increased their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Company 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.