HT Partners LLC Raises Stock Position in AT&T Inc. (NYSE:T)


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HT Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,436 shares of the technology company’s stock after acquiring an additional 412 shares during the quarter. HT Partners LLC’s holdings in AT&T were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of T. Xcel Wealth Management LLC raised its stake in AT&T by 2.3% in the 4th quarter. Xcel Wealth Management LLC now owns 101,098 shares of the technology company’s stock valued at $2,907,000 after purchasing an additional 2,313 shares during the last quarter. Baugh & Associates LLC raised its stake in AT&T by 17.9% in the 4th quarter. Baugh & Associates LLC now owns 126,372 shares of the technology company’s stock valued at $3,634,000 after purchasing an additional 19,210 shares during the last quarter. Brookstone Capital Management raised its stake in AT&T by 8.0% in the 4th quarter. Brookstone Capital Management now owns 208,473 shares of the technology company’s stock valued at $5,996,000 after purchasing an additional 15,452 shares during the last quarter. Pure Financial Advisors Inc. increased its stake in shares of AT&T by 3.5% during the 4th quarter. Pure Financial Advisors Inc. now owns 11,273 shares of the technology company’s stock valued at $324,000 after acquiring an additional 379 shares during the last quarter. Finally, BTR Capital Management Inc. increased its stake in shares of AT&T by 8.4% during the 4th quarter. BTR Capital Management Inc. now owns 333,455 shares of the technology company’s stock valued at $9,590,000 after acquiring an additional 25,840 shares during the last quarter. Institutional investors and hedge funds own 52.29% of the company’s stock.

Shares of AT&T stock traded down $0.16 on Wednesday, hitting $28.59. 382,565 shares of the company’s stock traded hands, compared to its average volume of 52,354,098. The stock has a market cap of $203.73 billion, a P/E ratio of 17.64, a PEG ratio of 1.52 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average is $29.37 and its 200 day moving average is $29.09. AT&T Inc. has a 52-week low of $26.08 and a 52-week high of $39.14.

AT&T (NYSE:T) last released its earnings results on Thursday, October 22nd. The technology company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The business had revenue of $42.43 billion for the quarter, compared to analysts’ expectations of $41.66 billion. AT&T had a net margin of 6.84% and a return on equity of 13.03%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts forecast that AT&T Inc. will post 3.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 11th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend is Friday, January 8th. AT&T’s dividend payout ratio is currently 58.26%.

A number of research analysts have recently commented on T shares. Barclays started coverage on shares of AT&T in a research note on Friday, October 2nd. They set an “overweight” rating for the company. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 1st. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating and set a $33.00 price objective for the company in a research note on Thursday, December 10th. Oppenheimer reaffirmed a “buy” rating and set a $38.00 price objective on shares of AT&T in a research note on Thursday, October 1st. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $25.00 price objective on shares of AT&T in a research note on Monday, November 16th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.40.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

Further Reading: Death Cross

Institutional Ownership by Quarter for AT&T (NYSE:T)

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