Total Wealth Planning & Management Inc. Buys Shares of 22,838 AT&T Inc. (NYSE:T)

Total Wealth Planning & Management Inc. bought a new position in AT&T Inc. (NYSE:T - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,838 shares of the technology company's stock, valued at approximately $520,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of AT&T in the 4th quarter valued at $1,858,418,000. GQG Partners LLC lifted its holdings in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in AT&T by 31.8% during the fourth 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 in the last quarter. Northern Trust Corp raised its position in shares of AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after buying an additional 10,945,679 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

T stock traded up $0.25 during mid-day trading on Friday, reaching $27.63. The company had a trading volume of 10,300,795 shares, compared to its average volume of 36,735,319. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $198.78 billion, a P/E ratio of 18.55, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $17.16 and a one year high of $29.03. The stock's 50-day simple moving average is $27.35 and its two-hundred day simple moving average is $25.23.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 4.02%. AT&T's payout ratio is presently 68.10%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on T. Morgan Stanley reiterated an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Evercore ISI boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, AT&T currently has a consensus 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.