Ameliora Wealth Management Ltd. Has $58,000 Stock Position in AT&T Inc. (NYSE:T)

Ameliora Wealth Management Ltd. raised its holdings in AT&T Inc. (NYSE:T) by 974.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,308 shares of the technology company’s stock after acquiring an additional 3,000 shares during the period. Ameliora Wealth Management Ltd.’s holdings in AT&T were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Pineridge Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Frank Rimerman Advisors LLC bought a new stake in shares of AT&T in the 4th quarter worth approximately $25,000. Ramirez Asset Management Inc. bought a new stake in shares of AT&T in the 3rd quarter worth approximately $30,000. Western Pacific Wealth Management LP bought a new stake in shares of AT&T in the 4th quarter worth approximately $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on T. Deutsche Bank Aktiengesellschaft raised their price objective on AT&T from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group restated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. Royal Bank of Canada restated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a research report on Thursday, April 11th. Finally, BNP Paribas upgraded AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $21.71.

AT&T Price Performance

T traded up $0.38 during trading on Friday, hitting $19.13. The company’s stock had a trading volume of 52,807,062 shares, compared to its average volume of 36,886,191. The firm’s 50 day moving average price is $17.57 and its two-hundred day moving average price is $17.17. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.13. The stock has a market capitalization of $137.17 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 4.26 and a beta of 0.60.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.80%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

About AT&T

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.