Brady Martz Wealth Solutions LLC Purchases Shares of 12,673 AT&T Inc. (NYSE:T)

Brady Martz Wealth Solutions LLC bought a new stake in AT&T Inc. (NYSE:T) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,673 shares of the technology company’s stock, valued at approximately $276,000.

A number of other large investors also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in AT&T during the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T during the third quarter valued at approximately $35,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the third quarter valued at $35,000. Finally, Altshuler Shaham Ltd bought a new position in AT&T in the second quarter worth $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T opened at $22.30 on Friday. The firm has a market cap of $159.97 billion, a P/E ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The firm’s 50 day moving average price is $22.79 and its two-hundred day moving average price is $21.31.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. On average, analysts forecast that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.98%. AT&T’s payout ratio is currently 90.24%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent research reports. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $22.00 to $26.00 in a report on Monday, January 6th. The Goldman Sachs Group lifted their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $25.83.

About AT&T

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.