Professional Planning purchased a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,368 shares of the technology company’s stock, valued at approximately $405,000.
Several other hedge funds have also recently modified their holdings of T. Winslow Evans & Crocker Inc. grew its holdings in shares of AT&T by 34.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 81,964 shares of the technology company’s stock worth $3,204,000 after acquiring an additional 20,800 shares during the last quarter. UNIVEST FINANCIAL Corp grew its holdings in shares of AT&T by 712.5% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 88,907 shares of the technology company’s stock worth $3,781,000 after acquiring an additional 77,965 shares during the last quarter. Sabal Trust CO grew its holdings in shares of AT&T by 15.2% in the 4th quarter. Sabal Trust CO now owns 31,446 shares of the technology company’s stock worth $1,229,000 after acquiring an additional 4,151 shares during the last quarter. Inspirion Wealth Advisors LLC grew its holdings in shares of AT&T by 7.6% in the 4th quarter. Inspirion Wealth Advisors LLC now owns 17,437 shares of the technology company’s stock worth $681,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Legacy Capital Partners Inc. grew its holdings in shares of AT&T by 2.4% in the 4th quarter. Legacy Capital Partners Inc. now owns 72,926 shares of the technology company’s stock worth $2,850,000 after acquiring an additional 1,690 shares during the last quarter. Institutional investors own 53.60% of the company’s stock.
A number of equities analysts recently issued reports on T shares. UBS Group lifted their target price on AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Standpoint Research cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Moffett Nathanson downgraded AT&T from a “neutral” rating to a “sell” rating and set a $30.00 price target on the stock. in a report on Tuesday, November 19th. Raymond James reiterated a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of AT&T in a report on Tuesday, October 29th. Finally, ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average target price of $39.22.
Shares of T stock opened at $38.09 on Wednesday. AT&T Inc. has a 1-year low of $28.92 and a 1-year high of $39.70. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $278.25 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 2.40 and a beta of 0.62. The stock’s fifty day simple moving average is $38.52 and its 200-day simple moving average is $36.73.
AT&T (NYSE:T) last issued its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The business had revenue of $44.59 billion for the quarter, compared to the consensus estimate of $45.45 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. AT&T’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, sell-side analysts predict that AT&T Inc. will post 3.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.52 per share. This is a boost from AT&T’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $2.08 dividend on an annualized basis and a yield of 5.46%. AT&T’s dividend payout ratio (DPR) is presently 59.09%.
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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