Integrated Wealth Concepts LLC Raises Holdings in AT&T Inc. (NYSE:T)

Integrated Wealth Concepts LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 274,248 shares of the technology company's stock after purchasing an additional 9,498 shares during the period. Integrated Wealth Concepts LLC's holdings in AT&T were worth $6,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter valued at $28,000. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter worth about $30,000. Tradewinds Capital Management LLC grew its stake in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T in the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. acquired a new position in AT&T during the 4th quarter worth approximately $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of AT&T stock traded up $0.20 on Wednesday, reaching $27.50. The stock had a trading volume of 11,245,345 shares, compared to its average volume of 36,283,999. The business's 50 day moving average is $27.00 and its two-hundred day moving average is $24.41. The company has a market cap of $197.40 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1 year low of $16.73 and a 1 year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last announced its quarterly 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 firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on T shares. Wells Fargo & Company increased their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Oppenheimer boosted their price target 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. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Evercore ISI boosted their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.