Quadcap Wealth Management LLC Has $1.37 Million Stock Position in AT&T Inc. (NYSE:T)

Quadcap Wealth Management LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 22.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,060 shares of the technology company’s stock after buying an additional 10,822 shares during the period. Quadcap Wealth Management LLC’s holdings in AT&T were worth $1,368,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. grew its stake in shares of AT&T by 1.6% in the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company’s stock valued at $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. BNP Paribas boosted its position in AT&T by 1.0% during the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company’s stock worth $942,000 after purchasing an additional 430 shares during the period. Whittier Trust Co. boosted its position in AT&T by 0.7% during the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 433 shares during the period. Finally, Wealthstream Advisors Inc. boosted its position in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company’s stock worth $282,000 after purchasing an additional 444 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock opened at $26.49 on Thursday. The stock has a market capitalization of $190.61 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The stock’s 50 day moving average price is $27.15 and its two-hundred day moving average price is $24.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio is currently 68.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Securities lifted their target price on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Barclays lifted their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their target price on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. DZ Bank raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, January 29th. Finally, Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.71.

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.