AT&T Inc. (NYSE:T) Shares Purchased by Lowe Wealth Advisors LLC

Lowe Wealth Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 352.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,870 shares of the technology company’s stock after acquiring an additional 3,793 shares during the period. Lowe Wealth Advisors LLC’s holdings in AT&T were worth $111,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Strategic Financial Concepts LLC raised its position in shares of AT&T by 227.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 131,813 shares of the technology company’s stock valued at $25,000 after buying an additional 91,578 shares during the period. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of 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 during the last quarter. Altshuler Shaham Ltd purchased a new position in shares of AT&T during the 2nd quarter worth $30,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

T traded down $0.21 during trading on Friday, hitting $21.69. 41,365,991 shares of the stock were exchanged, compared to its average volume of 31,943,938. The firm has a market capitalization of $155.63 billion, a P/E ratio of 17.63, a PEG ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The stock has a fifty day moving average price of $22.82 and a two-hundred day moving average price of $21.18. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that AT&T Inc. will post 2.19 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.12%. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Evercore ISI raised their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Tigress Financial upped their price objective on AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.76.

AT&T Company 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.