Sprinkle Financial Consultants LLC Purchases New Holdings in AT&T Inc. (NYSE:T)

Sprinkle Financial Consultants LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,665 shares of the technology company's stock, valued at approximately $443,000.

Other large investors also recently bought and sold shares of the company. Next Level Private LLC increased its stake in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC grew its stake in shares of AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. raised its holdings in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after purchasing an additional 398 shares during the last quarter. Firethorn Wealth Partners LLC raised its holdings in shares of AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares during the last quarter. Finally, Charter Oak Capital Management LLC raised its holdings in shares of AT&T by 2.7% during the first quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock valued at $431,000 after purchasing an additional 408 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Monday, April 7th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Royal Bank of Canada boosted their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Price Performance

Shares of NYSE:T opened at $28.13 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a fifty day moving average price of $27.41 and a 200 day moving average price of $25.66. AT&T Inc. has a fifty-two week low of $17.49 and a fifty-two week high of $29.03. The firm has a market cap of $202.43 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41.

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 for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. 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 posted $0.55 EPS. AT&T's revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

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.

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