Kingsview Wealth Management LLC Grows Holdings in AT&T Inc. (NYSE:T)

Kingsview Wealth Management LLC grew its stake in AT&T Inc. (NYSE:T) by 0.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,055 shares of the technology company’s stock after purchasing an additional 1,976 shares during the quarter. Kingsview Wealth Management LLC’s holdings in AT&T were worth $7,354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Next Level Private LLC lifted its stake in shares of AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after purchasing an additional 379 shares during the period. Carolinas Wealth Consulting LLC grew its position in shares of AT&T by 1.6% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after buying an additional 384 shares in the last quarter. Kozak & Associates Inc. lifted its stake in AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock worth $126,000 after purchasing an additional 398 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock valued at $3,222,000 after buying an additional 398 shares during the last quarter. Finally, Firethorn Wealth Partners LLC lifted its holdings in shares of AT&T by 4.1% during the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock worth $286,000 after purchasing an additional 399 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE T opened at $27.01 on Friday. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The stock has a fifty day moving average of $27.76 and a 200-day moving average of $26.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market cap of $194.32 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 3.37 and a beta of 0.42.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the business earned $0.55 earnings per share. AT&T’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate 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 will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. AT&T’s dividend payout ratio is presently 68.10%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Barclays increased their target price on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. TD Securities boosted their price objective on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Bank of America assumed coverage on AT&T in a research note on Monday, July 7th. They issued a “buy” rating and a $32.00 price objective on the stock. Scotiabank upped their price target on AT&T from $29.50 to $30.00 and gave the company a “sector outperform” rating in a research report on Friday, July 11th. Finally, Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.17.

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.