Ullmann Wealth Partners Group LLC Takes Position in AT&T Inc. (NYSE:T)

Ullmann Wealth Partners Group LLC purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,553 shares of the technology company's stock, valued at approximately $270,000.

Other hedge funds also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new position in AT&T during the 4th quarter worth about $25,000. Putney Financial Group LLC acquired a new position in AT&T during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new position in AT&T during the 4th quarter worth about $28,000. Finally, YANKCOM Partnership acquired a new position in AT&T during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

Shares of AT&T stock opened at $27.76 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business has a 50-day simple moving average of $27.33 and a 200 day simple moving average of $25.41. The firm has a market capitalization of $199.72 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.00 and a beta of 0.41. AT&T Inc. has a one year low of $17.42 and a one year high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business'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, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent research reports. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Barclays lifted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Oppenheimer boosted their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One 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, the company currently has a consensus 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.

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