Willner & Heller LLC Has $565,000 Stake in AT&T Inc. (NYSE:T)

Willner & Heller LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,798 shares of the technology company’s stock after acquiring an additional 540 shares during the period. Willner & Heller LLC’s holdings in AT&T were worth $565,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in 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 buying an additional 841 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in AT&T during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC bought a new position in AT&T in the third quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the third quarter valued at approximately $35,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $22.30 on Monday. The company has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The stock has a 50 day moving average price of $22.79 and a two-hundred day moving average price of $21.33.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating 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 firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $26.00 in a report on Monday, January 6th. Tigress Financial upped their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer began coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

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.