Ullmann Wealth Partners Group LLC Purchases New Holdings in AT&T Inc. (NYSE:T)

Ullmann Wealth Partners Group LLC purchased a new stake in shares of AT&T Inc. (NYSE:T) in the first quarter, Holdings Channel reports. The firm purchased 9,553 shares of the technology company’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC increased its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.4%

T opened at $27.76 on Friday. The company has a market cap of $199.72 billion, a P/E ratio of 18.63, a P/E/G ratio of 3.00 and a beta of 0.41. The business’s 50-day moving average price is $27.33 and its 200-day moving average price is $25.41. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03.

AT&T (NYSE:T) last released its quarterly earnings data 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 company had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current 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 paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. AT&T’s payout ratio is presently 68.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on T shares. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. raised their price target on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Tigress Financial lifted their price objective 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 analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.71.

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.