AT&T Inc. (NYSE:T) Stock Holdings Increased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC lifted its position in AT&T Inc. (NYSE:T) by 22.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,813 shares of the technology company’s stock after acquiring an additional 3,822 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in AT&T were worth $589,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T in the 4th quarter valued at $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter worth about $28,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% in the 4th 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 last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.2%

NYSE:T opened at $28.09 on Monday. The firm has a market cap of $202.12 billion, a P/E ratio of 18.85, a P/E/G ratio of 3.00 and a beta of 0.41. 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 Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03. The firm has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $25.49.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on T. Morgan Stanley reissued an “overweight” rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a report on Thursday, February 13th. Finally, Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.