Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of AT&T Inc. (NYSE:T) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,200 shares of the technology company’s stock after buying an additional 2,466 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in AT&T were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Mackey Komara & Dankovich LLC purchased a new stake in AT&T in the 4th quarter worth $76,000. New Capital Management LP increased its stake in AT&T by 234.6% in the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock worth $96,000 after buying an additional 2,348 shares in the last quarter. Chessman Wealth Strategies RIA purchased a new stake in AT&T in the 3rd quarter worth $114,000. Stelac Advisory Services LLC purchased a new stake in AT&T in the 3rd quarter worth $121,000. Finally, Hoertkorn Richard Charles increased its stake in AT&T by 66.7% in the 3rd quarter. Hoertkorn Richard Charles now owns 5,000 shares of the technology company’s stock worth $168,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 64.59% of the company’s stock.
A number of equities research analysts have issued reports on T shares. Raymond James upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Friday, March 15th. They noted that the move was a valuation call. Barclays set a $32.00 price target on AT&T and gave the stock a “hold” rating in a research note on Friday, January 18th. Desjardins reiterated an “average” rating and issued a $56.50 price target on shares of AT&T in a research note on Friday, April 5th. ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Cowen reiterated a “buy” rating and issued a $35.00 price target on shares of AT&T in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. AT&T has a consensus rating of “Hold” and an average target price of $36.26.
Shares of AT&T stock opened at $32.25 on Wednesday. The stock has a market cap of $197.68 billion, a PE ratio of 9.16, a PEG ratio of 1.36 and a beta of 0.59. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.86. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $35.76.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. The firm had revenue of $47.99 billion during the quarter, compared to analyst estimates of $48.50 billion. AT&T had a return on equity of 13.47% and a net margin of 11.34%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. Analysts anticipate that AT&T Inc. will post 3.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.33%. AT&T’s payout ratio is 57.95%.
In other news, CEO John T. Stankey sold 3,748 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $29.84, for a total transaction of $111,840.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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