Financial & Tax Architects LLC Takes $6.14 Million Position in AT&T Inc. (NYSE:T)

Financial & Tax Architects LLC purchased a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 269,712 shares of the technology company’s stock, valued at approximately $6,141,000. AT&T accounts for about 1.6% of Financial & Tax Architects LLC’s holdings, making the stock its 24th biggest holding.

Several other hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in AT&T in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $35,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 3rd quarter valued at approximately $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore ISI raised their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Tigress Financial raised their price target on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T Trading Up 1.2 %

AT&T stock traded up $0.28 during midday trading on Friday, reaching $22.30. The stock had a trading volume of 33,632,584 shares, compared to its average volume of 28,784,102. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The stock has a market capitalization of $159.97 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $21.29.

AT&T (NYSE:T) last issued 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. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Analysts expect that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

About AT&T

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.