Jaffetilchin Investment Partners LLC Acquires 4,131 Shares of AT&T Inc. (NYSE:T)

Jaffetilchin Investment Partners LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 4.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 92,981 shares of the technology company’s stock after purchasing an additional 4,131 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in AT&T were worth $2,630,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in AT&T in the 4th quarter valued at $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the 4th quarter worth about $27,000. Ball & Co Wealth Management Inc. acquired a new position in AT&T in the fourth quarter worth about $30,000. Finally, REAP Financial Group LLC boosted its holdings in AT&T by 115.2% during the fourth quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company’s stock valued at $31,000 after purchasing an additional 727 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $28.04 on Friday. AT&T Inc. has a one year low of $18.14 and a one year high of $29.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The stock has a market cap of $201.73 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41. The stock has a 50-day moving average of $27.61 and a 200-day moving average of $25.91.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.96%. AT&T’s dividend payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Scotiabank reissued an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Finally, Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $28.76.

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.