Opal Wealth Advisors LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Opal Wealth Advisors LLC increased its position in shares of AT&T Inc. (NYSE:T) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,569 shares of the technology company’s stock after buying an additional 1,149 shares during the quarter. Opal Wealth Advisors LLC’s holdings in AT&T were worth $412,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC raised its position in AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of a number of research analyst reports. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. TD Securities boosted their target price on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Royal Bank of Canada boosted their target price on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Barclays boosted their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

AT&T Stock Performance

NYSE:T opened at $28.13 on Friday. The firm has a market capitalization of $202.43 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The business’s fifty day moving average price is $27.41 and its 200 day moving average price is $25.63. 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 Inc. has a 12 month low of $17.49 and a 12 month high of $29.03.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

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.