Kellett Wealth Advisors LLC Boosts Position in AT&T Inc. (NYSE:T)

Kellett Wealth Advisors LLC lifted its holdings in shares of AT&T Inc. (NYSE:T) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,952 shares of the technology company’s stock after buying an additional 1,287 shares during the period. Kellett Wealth Advisors LLC’s holdings in AT&T were worth $479,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in AT&T in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Putney Financial Group LLC purchased a new stake in AT&T in the 4th quarter valued at approximately $27,000. Ball & Co Wealth Management Inc. acquired a new stake in AT&T during the 4th quarter valued at $30,000. Finally, REAP Financial Group LLC raised its holdings in shares of AT&T by 115.2% in the fourth quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company’s stock worth $31,000 after acquiring an additional 727 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $28.29 on Wednesday. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.03. The firm has a market cap of $203.53 billion, a P/E ratio of 17.35, a PEG ratio of 4.00 and a beta of 0.41. The stock has a fifty day moving average price of $27.57 and a two-hundred day moving average price of $25.86. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T) last issued 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 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on T shares. Tigress Financial boosted their price target on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Wall Street Zen raised shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. increased 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. Barclays boosted their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.76.

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.