Capital Advisors Wealth Management LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,194 shares of the technology company’s stock, valued at approximately $248,000.
Other large investors have also recently modified their holdings of the company. Curi Capital bought a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Flagship Private Wealth LLC purchased a new stake in shares of AT&T in the fourth quarter valued at about $27,000. Clear Perspectives Financial Planning LLC purchased a new position in AT&T during the fourth quarter worth about $29,000. Iron Horse Wealth Management LLC purchased a new stake in AT&T in the 4th quarter valued at about $31,000. Finally, Veritas Investment Partners UK Ltd. bought a new position in shares of AT&T during the 4th quarter worth approximately $31,000. 51.17% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on T. CIBC restated a “buy” rating on shares of AT&T in a research note on Wednesday, February 10th. Credit Suisse Group reduced their target price on shares of AT&T from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 19th. Raymond James reiterated a “buy” rating on shares of AT&T in a research note on Monday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of AT&T in a research note on Wednesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of AT&T from $36.00 to $31.00 in a research note on Monday, February 8th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.82.
T traded up $1.32 on Thursday, reaching $31.43. The company had a trading volume of 3,019,308 shares, compared to its average volume of 42,781,926. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.84 and a current ratio of 0.84. AT&T Inc. has a 52-week low of $26.35 and a 52-week high of $33.24. The company has a market cap of $224.15 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.04 and a beta of 0.70. The business has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $29.02.
AT&T (NYSE:T) last announced its earnings results on Tuesday, January 26th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. AT&T had a net margin of 6.42% and a return on equity of 12.27%. The company had revenue of $45.70 billion during the quarter, compared to analyst estimates of $44.58 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that AT&T Inc. will post 3.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 3rd. Investors of record on Friday, April 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.62%. AT&T’s dividend payout ratio is 58.26%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services.
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