HBW Advisory Services LLC Purchases 1,509 Shares of AT&T Inc. (NYSE:T)

HBW Advisory Services LLC grew its position in AT&T Inc. (NYSE:T) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,792 shares of the technology company’s stock after acquiring an additional 1,509 shares during the quarter. HBW Advisory Services LLC’s holdings in AT&T were worth $4,344,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $35,000. Reston Wealth Management LLC bought a new position in shares of AT&T during the 3rd quarter worth approximately $35,000. Finally, Altshuler Shaham Ltd bought a new position in shares of AT&T during the 2nd quarter worth approximately $30,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 1.6 %

Shares of AT&T stock traded down $0.36 during trading on Friday, reaching $21.54. 24,240,920 shares of the company were exchanged, compared to its average volume of 30,768,344. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The business has a 50-day moving average price of $22.82 and a 200-day moving average price of $21.18. The firm has a market capitalization of $154.56 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.60 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion during the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.15%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on T. Citigroup raised their target price on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Redburn Atlantic raised AT&T to a “strong sell” rating in a report on Monday, September 16th. Finally, Oppenheimer assumed coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.