9,254 Shares in AT&T Inc. (NYSE:T) Purchased by Crewe Advisors LLC

Crewe Advisors LLC purchased a new position in shares of AT&T Inc. (NYSE:T) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,254 shares of the technology company’s stock, valued at approximately $163,000.

A number of other hedge funds have also bought and sold shares of the business. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $11,554,000. Provence Wealth Management Group boosted its stake in shares of AT&T by 55.8% in the 4th quarter. Provence Wealth Management Group now owns 16,217 shares of the technology company’s stock valued at $272,000 after purchasing an additional 5,807 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of AT&T by 250.3% in the 4th quarter. Clearbridge Investments LLC now owns 67,303 shares of the technology company’s stock valued at $1,129,000 after purchasing an additional 48,091 shares in the last quarter. Retireful LLC acquired a new stake in shares of AT&T in the 4th quarter valued at approximately $1,163,000. Finally, Brighton Jones LLC raised its holdings in AT&T by 12.6% in the 4th quarter. Brighton Jones LLC now owns 46,265 shares of the technology company’s stock valued at $776,000 after buying an additional 5,161 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 0.2 %

Shares of NYSE:T traded up $0.04 during mid-day trading on Thursday, hitting $19.20. The company had a trading volume of 54,035,128 shares, compared to its average volume of 36,868,605. The firm has a fifty day moving average price of $18.29 and a 200 day moving average price of $17.45. The company has a market capitalization of $137.67 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a one year low of $13.89 and a one year high of $19.74.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $29.80 billion during the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, research analysts forecast that AT&T Inc. will post 2.23 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on T. The Goldman Sachs Group began coverage on shares of AT&T in a report on Monday, July 1st. They issued a “buy” rating and a $22.00 price objective for the company. TD Cowen raised their price objective on shares of AT&T from $21.00 to $23.00 and gave the company a “hold” rating in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. Barclays raised their price objective on shares of AT&T from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Evercore ISI raised their price objective on shares of AT&T from $18.00 to $19.00 and gave the company an “in-line” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.33.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.