AT&T Inc. (NYSE:T) Shares Bought by Element Wealth LLC

Element Wealth LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,951 shares of the technology company’s stock after purchasing an additional 876 shares during the quarter. Element Wealth LLC’s holdings in AT&T were worth $234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. JB Capital LLC raised its holdings in AT&T by 2.4% during the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after purchasing an additional 614 shares during the last quarter. Schubert & Co increased its position in AT&T by 2.0% during the third quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after buying an additional 631 shares in the last quarter. Roof Eidam Maycock Peralta LLC boosted its holdings in AT&T by 6.3% in the third quarter. Roof Eidam Maycock Peralta LLC now owns 11,226 shares of the technology company’s stock valued at $169,000 after acquiring an additional 666 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its stake in shares of AT&T by 4.5% during the fourth quarter. MBM Wealth Consultants LLC now owns 15,637 shares of the technology company’s stock worth $270,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Citigroup increased their price target on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Finally, Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

AT&T Stock Up 1.2 %

Shares of AT&T stock traded up $0.19 on Tuesday, hitting $16.50. 47,732,341 shares of the company’s stock traded hands, compared to its average volume of 38,894,828. The stock has a market cap of $118.02 billion, a P/E ratio of 8.39, a PEG ratio of 2.49 and a beta of 0.57. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.16. The firm’s 50-day moving average is $16.99 and its 200 day moving average is $16.53.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.73%. AT&T’s dividend payout ratio (DPR) is presently 56.63%.

About AT&T

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.