Worth Asset Management LLC Has $2.23 Million Stake in AT&T Inc. (NYSE:T)

Worth Asset Management LLC boosted its holdings in AT&T Inc. (NYSE:T - Free Report) by 551.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,736 shares of the technology company's stock after purchasing an additional 66,641 shares during the quarter. AT&T comprises 1.2% of Worth Asset Management LLC's portfolio, making the stock its 19th largest position. Worth Asset Management LLC's holdings in AT&T were worth $2,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC raised its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after acquiring an additional 10,188 shares during the period. Heck Capital Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $39,000. Chicago Partners Investment Group LLC boosted its position in shares of AT&T by 5.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 58,948 shares of the technology company's stock worth $1,307,000 after purchasing an additional 2,792 shares during the period. Independence Bank of Kentucky raised its position in shares of AT&T by 52.4% during the 4th quarter. Independence Bank of Kentucky now owns 10,973 shares of the technology company's stock valued at $250,000 after purchasing an additional 3,775 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of AT&T by 4.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 207,042 shares of the technology company's stock valued at $4,714,000 after buying an additional 8,354 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE:T traded up $0.36 during trading on Thursday, reaching $27.72. 10,548,836 shares of the company's stock traded hands, compared to its average volume of 36,599,601. The stock has a market capitalization of $199.43 billion, a P/E ratio of 18.60, a price-to-earnings-growth 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 50 day moving average of $27.34 and a 200-day moving average of $25.38. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. TD Securities increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Royal Bank of Canada increased 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. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $28.71.

About AT&T

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.