Traveka Wealth LLC Boosts Stock Position in AT&T Inc. (NYSE:T)

Traveka Wealth LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,610 shares of the technology company’s stock after buying an additional 754 shares during the quarter. Traveka Wealth LLC’s holdings in AT&T were worth $242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC raised its position in shares of AT&T by 4,346.7% during the 4th quarter. FNY Investment Advisers LLC now owns 13,340 shares of the technology company’s stock valued at $303,000 after buying an additional 13,040 shares during the period. Pallas Capital Advisors LLC raised its position in AT&T by 8.5% in the fourth quarter. Pallas Capital Advisors LLC now owns 60,994 shares of the technology company’s stock valued at $1,389,000 after purchasing an additional 4,784 shares during the period. Horizon Wealth Management LLC lifted its stake in shares of AT&T by 3.9% in the 4th quarter. Horizon Wealth Management LLC now owns 39,741 shares of the technology company’s stock valued at $905,000 after purchasing an additional 1,476 shares during the last quarter. Sunflower Bank N.A. grew its holdings in shares of AT&T by 8.9% during the 4th quarter. Sunflower Bank N.A. now owns 19,449 shares of the technology company’s stock worth $443,000 after purchasing an additional 1,594 shares during the period. Finally, Elevated Capital Advisors LLC increased its position in shares of AT&T by 1.5% during the 4th quarter. Elevated Capital Advisors LLC now owns 50,470 shares of the technology company’s stock worth $1,149,000 after purchasing an additional 760 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T opened at $21.56 on Tuesday. The firm has a market capitalization of $154.70 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 3.60 and a beta of 0.59. The firm’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $21.26. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 earnings per share. Equities analysts forecast that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 5.15%. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

T has been the subject of several research analyst reports. UBS Group increased their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Sanford C. Bernstein started coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada upgraded AT&T from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $26.00 in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $25.76.

AT&T 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.