AT&T Inc. (NYSE:T) Shares Purchased by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 6.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 54,528 shares of the technology company’s stock after acquiring an additional 3,071 shares during the period. Checchi Capital Advisers LLC’s holdings in AT&T were worth $1,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Next Level Private LLC grew its position in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after purchasing an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after buying an additional 384 shares in the last quarter. Kozak & Associates Inc. grew its holdings in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after buying an additional 398 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock valued at $3,222,000 after buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC lifted its stake in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock worth $286,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The company’s fifty day moving average price is $27.76 and its 200 day moving average price is $26.08. The company has a market capitalization of $203.82 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42.

AT&T (NYSE:T) last announced its 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). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the firm posted $0.55 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, analysts expect 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 Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T’s dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on T shares. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Barclays boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Scotiabank reissued an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Evercore ISI boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. Finally, TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.90.

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.