TFO Wealth Partners LLC lifted its position in AT&T Inc. (NYSE:T – Free Report) by 97,834.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,162 shares of the technology company’s stock after purchasing an additional 87,073 shares during the quarter. TFO Wealth Partners LLC’s holdings in AT&T were worth $1,463,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. WealthPlan Investment Management LLC raised its holdings in AT&T by 31,572.3% during the 3rd quarter. WealthPlan Investment Management LLC now owns 35,473 shares of the technology company’s stock worth $533,000 after buying an additional 35,361 shares during the period. Atria Investments Inc raised its holdings in AT&T by 17.7% during the 3rd quarter. Atria Investments Inc now owns 541,841 shares of the technology company’s stock worth $8,144,000 after buying an additional 81,619 shares during the period. Equitable Trust Co. raised its holdings in AT&T by 26.0% during the 3rd quarter. Equitable Trust Co. now owns 16,857 shares of the technology company’s stock worth $253,000 after buying an additional 3,479 shares during the period. Metis Global Partners LLC raised its holdings in AT&T by 19.5% during the 3rd quarter. Metis Global Partners LLC now owns 298,298 shares of the technology company’s stock worth $4,480,000 after buying an additional 48,665 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in AT&T by 10.5% during the 3rd quarter. Clearstead Advisors LLC now owns 64,872 shares of the technology company’s stock worth $974,000 after buying an additional 6,151 shares during the period. Institutional investors own 57.10% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Barclays raised shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Citigroup boosted their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.81.
AT&T Stock Down 0.8 %
NYSE:T traded down $0.14 during trading hours on Wednesday, hitting $17.13. 23,494,354 shares of the company traded hands, compared to its average volume of 37,010,059. The company has a market cap of $122.83 billion, a PE ratio of 9.20, a PEG ratio of 3.44 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The firm’s 50-day simple moving average is $17.05 and its 200-day simple moving average is $16.89.
AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Equities analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.
AT&T Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.
AT&T Profile
AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.