AT&T Inc. (NYSE:T) Shares Acquired by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,666 shares of the technology company’s stock after acquiring an additional 2,464 shares during the period. Capital Advisors Wealth Management LLC’s holdings in AT&T were worth $493,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in AT&T by 99.1% in the fourth quarter. Ritholtz Wealth Management now owns 171,144 shares of the technology company’s stock valued at $3,897,000 after buying an additional 85,200 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of AT&T by 9.0% during the 4th quarter. Carnegie Investment Counsel now owns 12,025 shares of the technology company’s stock worth $274,000 after acquiring an additional 989 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of AT&T by 31.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,078,118 shares of the technology company’s stock worth $47,319,000 after acquiring an additional 496,884 shares during the period. IFS Advisors LLC increased its stake in AT&T by 286.6% in the 4th quarter. IFS Advisors LLC now owns 3,329 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,468 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in AT&T during the fourth quarter worth $258,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.5 %

Shares of NYSE T opened at $22.02 on Friday. The stock has a market capitalization of $157.96 billion, a PE ratio of 17.90, a P/E/G ratio of 3.46 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a fifty day moving average of $22.79 and a 200-day moving average of $21.28. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. On average, analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.04%. AT&T’s dividend payout ratio (DPR) is 90.24%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on T shares. Tigress Financial upped their target price on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

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.