USA Financial Formulas bought a new position in AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,038 shares of the technology company's stock, valued at approximately $1,189,000.
A number of other institutional investors have also made changes to their positions in T. Brighton Jones LLC raised its position in shares of AT&T by 26.5% during the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the period. Angeles Wealth Management LLC bought a new position in AT&T during the 4th quarter worth $266,000. Wingate Wealth Advisors Inc. bought a new position in AT&T during the 4th quarter worth $109,000. Soltis Investment Advisors LLC increased its position in AT&T by 161.6% in the fourth quarter. Soltis Investment Advisors LLC now owns 40,556 shares of the technology company's stock worth $923,000 after buying an additional 25,052 shares during the period. Finally, International Private Wealth Advisors LLC lifted its stake in AT&T by 12.8% in the fourth quarter. International Private Wealth Advisors LLC now owns 23,218 shares of the technology company's stock valued at $529,000 after buying an additional 2,640 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
T has been the subject of several recent research reports. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company increased their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average price target of $28.71.
Check Out Our Latest Stock Report on AT&T
AT&T Trading Down 0.7%
T traded down $0.20 during trading on Thursday, reaching $28.14. The company had a trading volume of 9,445,271 shares, compared to its average volume of 36,585,128. The firm's 50-day simple moving average is $27.35 and its 200 day simple moving average is $25.56. The company has a market cap of $202.48 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 12-month low of $17.42 and a 12-month high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last announced 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). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's payout ratio is 68.10%.
About AT&T
(
Free Report)
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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