16,189 Shares in AT&T Inc. (NYSE:T) Purchased by Arbor Wealth Advisors LLC

Arbor Wealth Advisors LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 16,189 shares of the technology company’s stock, valued at approximately $272,000.

A number of other hedge funds have also made changes to their positions in T. Douglas Lane & Associates LLC increased its position in shares of AT&T by 42.9% during the 3rd quarter. Douglas Lane & Associates LLC now owns 340,744 shares of the technology company’s stock worth $5,118,000 after purchasing an additional 102,292 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in AT&T by 6.8% during the 3rd quarter. 1900 Wealth Management LLC now owns 16,431 shares of the technology company’s stock worth $247,000 after acquiring an additional 1,044 shares during the last quarter. Bellecapital International Ltd. grew its holdings in AT&T by 3.1% during the 3rd quarter. Bellecapital International Ltd. now owns 81,226 shares of the technology company’s stock worth $1,220,000 after acquiring an additional 2,474 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE bought a new stake in AT&T during the 3rd quarter worth about $208,000. Finally, Avior Wealth Management LLC grew its holdings in AT&T by 9.3% during the 3rd quarter. Avior Wealth Management LLC now owns 79,474 shares of the technology company’s stock worth $1,194,000 after acquiring an additional 6,739 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

T stock traded up $0.20 during mid-day trading on Tuesday, hitting $16.51. 47,772,969 shares of the company were exchanged, compared to its average volume of 38,895,176. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The firm has a market cap of $118.09 billion, a P/E ratio of 8.42, a P/E/G ratio of 2.49 and a beta of 0.57. The firm’s 50 day simple moving average is $16.98 and its 200 day simple moving average is $16.54. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The company had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. During the same period last year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. AT&T’s dividend payout ratio (DPR) is 56.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on T shares. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Citigroup lifted their price objective on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

AT&T Company 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.