Quadcap Wealth Management LLC Boosts Stake in AT&T Inc. (NYSE:T)

Quadcap Wealth Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,060 shares of the technology company's stock after purchasing an additional 10,822 shares during the period. Quadcap Wealth Management LLC's holdings in AT&T were worth $1,368,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in T. Cooper Financial Group grew its stake in AT&T by 14.5% in the fourth quarter. Cooper Financial Group now owns 22,223 shares of the technology company's stock valued at $506,000 after acquiring an additional 2,813 shares during the period. FNY Investment Advisers LLC grew its stake in AT&T by 4,346.7% in the fourth quarter. FNY Investment Advisers LLC now owns 13,340 shares of the technology company's stock valued at $303,000 after acquiring an additional 13,040 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of AT&T by 30.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 6,632 shares of the technology company's stock valued at $151,000 after purchasing an additional 1,567 shares in the last quarter. 626 Financial LLC lifted its holdings in shares of AT&T by 1.9% in the fourth quarter. 626 Financial LLC now owns 33,310 shares of the technology company's stock valued at $758,000 after purchasing an additional 614 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of AT&T by 3.2% in the fourth quarter. Sovereign Financial Group Inc. now owns 51,854 shares of the technology company's stock valued at $1,181,000 after purchasing an additional 1,606 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on T shares. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Royal Bank of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Tigress Financial raised their target price on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, StockNews.com upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. One equities 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Performance

Shares of T traded up $0.39 during mid-day trading on Friday, hitting $27.72. The stock had a trading volume of 31,085,059 shares, compared to its average volume of 36,784,167. The firm has a market cap of $199.43 billion, a P/E ratio of 18.60, a PEG ratio of 3.00 and a beta of 0.42. The business has a fifty day moving average price of $27.18 and a 200-day moving average price of $24.90. 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 Inc. has a 52 week low of $17.11 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (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 business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts expect 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 was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.