Waller Financial Planning Group Inc. purchased a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,852 shares of the technology company’s stock, valued at approximately $310,000.
A number of other hedge funds have also modified their holdings of T. Wetherby Asset Management Inc. lifted its position in shares of AT&T by 11.4% during the 4th quarter. Wetherby Asset Management Inc. now owns 170,863 shares of the technology company’s stock worth $4,877,000 after purchasing an additional 17,540 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in shares of AT&T by 0.4% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 474,275 shares of the technology company’s stock worth $13,536,000 after purchasing an additional 1,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of AT&T by 1.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 4,009,871 shares of the technology company’s stock worth $114,441,000 after purchasing an additional 70,977 shares during the last quarter. McAdam LLC lifted its position in shares of AT&T by 5.8% during the 4th quarter. McAdam LLC now owns 10,951 shares of the technology company’s stock worth $313,000 after purchasing an additional 605 shares during the last quarter. Finally, Crossvault Capital Management LLC lifted its position in shares of AT&T by 24.4% during the 4th quarter. Crossvault Capital Management LLC now owns 96,813 shares of the technology company’s stock worth $2,763,000 after purchasing an additional 19,018 shares during the last quarter. 64.60% of the stock is owned by institutional investors.
NYSE T opened at $31.25 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $187.06 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 1.29 and a beta of 0.58. AT&T Inc. has a one year low of $26.80 and a one year high of $34.53.
AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.86 EPS for the quarter, meeting analysts’ consensus estimates of $0.86. The company had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. AT&T had a net margin of 10.59% and a return on equity of 13.16%. AT&T’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Equities analysts anticipate that AT&T Inc. will post 3.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 6.53%. AT&T’s dividend payout ratio is presently 57.95%.
Several equities research analysts recently commented on T shares. Desjardins reiterated an “average” rating and set a $56.50 price target on shares of AT&T in a research note on Friday, April 5th. Barclays set a $32.00 price target on shares of AT&T and gave the stock a “hold” rating in a research note on Friday, January 18th. ValuEngine upgraded shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. Raymond James upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Finally, Cowen reiterated a “buy” rating and set a $35.00 price target on shares of AT&T in a research note on Thursday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. AT&T currently has a consensus rating of “Hold” and a consensus target price of $36.32.
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AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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