AT&T Inc. (NYSE:T) Shares Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV lifted its holdings in AT&T Inc. (NYSE:T) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,129 shares of the technology company’s stock after purchasing an additional 1,492 shares during the period. MJP Associates Inc. ADV’s holdings in AT&T were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in T. Wealth Enhancement Advisory Services LLC raised its position in AT&T by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,600,080 shares of the technology company’s stock worth $35,202,000 after buying an additional 7,048 shares during the last quarter. Czech National Bank grew its holdings in AT&T by 6.5% during the 4th quarter. Czech National Bank now owns 1,555,744 shares of the technology company’s stock valued at $35,424,000 after buying an additional 95,089 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in shares of AT&T by 3.6% during the 4th quarter. Aprio Wealth Management LLC now owns 26,021 shares of the technology company’s stock worth $593,000 after purchasing an additional 902 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of AT&T by 259.7% during the 4th quarter. Fiduciary Alliance LLC now owns 71,666 shares of the technology company’s stock worth $1,632,000 after purchasing an additional 51,742 shares during the period. Finally, Trust Co. of Toledo NA OH raised its position in shares of AT&T by 14.9% in the 4th quarter. Trust Co. of Toledo NA OH now owns 130,888 shares of the technology company’s stock worth $2,980,000 after buying an additional 16,978 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T opened at $27.88 on Monday. The company has a market cap of $200.61 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a 50-day moving average of $27.15 and a 200-day moving average of $24.77. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company 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%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

Several research firms have commented on T. Tigress Financial raised their price objective on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Wells Fargo & Company raised their price objective on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price for the company in a research note on Thursday, February 13th. Finally, StockNews.com upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $28.71.

AT&T Company 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.