Lodestone Wealth Management LLC Acquires 541 Shares of AT&T Inc. (NYSE:T)

Lodestone Wealth Management LLC lifted its holdings in AT&T Inc. (NYSE:T) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 11,705 shares of the technology company’s stock after purchasing an additional 541 shares during the quarter. Lodestone Wealth Management LLC’s holdings in AT&T were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the period. YANKCOM Partnership purchased a new position in AT&T during the fourth quarter valued at approximately $30,000. Endeavor Private Wealth Inc. purchased a new position in AT&T during the fourth quarter valued at approximately $34,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the third quarter valued at approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.0 %

NYSE T opened at $25.88 on Friday. The company has a market capitalization of $185.66 billion, a PE ratio of 17.37, a P/E/G ratio of 2.79 and a beta of 0.59. The company has a fifty day moving average of $23.19 and a 200 day moving average of $21.99. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.29%. AT&T’s payout ratio is 74.50%.

Analysts Set New Price Targets

Several brokerages have weighed in on T. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 29th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Sanford C. Bernstein raised their target price on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Tigress Financial raised their target price on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Barclays lifted their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

AT&T Company 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.