Signal Advisors Wealth LLC Acquires 963 Shares of AT&T Inc. (NYSE:T)

Signal Advisors Wealth LLC raised its holdings in AT&T Inc. (NYSE:T) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,465 shares of the technology company’s stock after acquiring an additional 963 shares during the quarter. Signal Advisors Wealth LLC’s holdings in AT&T were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in shares of AT&T during the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC bought a new position in shares of AT&T during the fourth quarter worth $28,000. Finally, YANKCOM Partnership bought a new position in shares of AT&T during the fourth quarter worth $30,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Scotiabank restated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Barclays raised their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.71.

AT&T Stock Performance

Shares of T opened at $28.09 on Friday. The firm has a 50-day moving average of $27.32 and a 200-day moving average of $25.45. AT&T Inc. has a one year low of $17.42 and a one year high of $29.03. The company has a market cap of $202.12 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. 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 announced its quarterly earnings data 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 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend 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.