Inlight Wealth Management LLC Makes New $9.13 Million Investment in AT&T Inc. (NYSE:T)

Inlight Wealth Management LLC purchased a new stake in AT&T Inc. (NYSE:T) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 401,038 shares of the technology company’s stock, valued at approximately $9,132,000. AT&T comprises about 2.9% of Inlight Wealth Management LLC’s portfolio, making the stock its 8th largest position.

Other large investors also recently made changes to their positions in the company. 1620 Investment Advisors Inc. raised its holdings in AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock worth $596,000 after buying an additional 421 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the period. Whittier Trust Co. lifted its position in shares of AT&T by 0.7% in the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock valued at $1,352,000 after acquiring an additional 433 shares in the last quarter. Wealthstream Advisors Inc. lifted its position in shares of AT&T by 3.7% in the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Finally, Northeast Investment Management boosted its stake in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company’s stock worth $1,166,000 after purchasing an additional 451 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.4 %

Shares of NYSE:T opened at $26.38 on Friday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $29.03. The business has a 50 day moving average of $26.54 and a 200-day moving average of $23.94. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market cap of $189.33 billion, a PE ratio of 17.70, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on T shares. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Scotiabank upped their target price on AT&T from $28.50 to $29.00 and gave the company a “sector outperform” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Monday. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

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.