Watts Gwilliam & Co. LLC Purchases Shares of 9,291 AT&T Inc. $T

Watts Gwilliam & Co. LLC acquired a new position in AT&T Inc. (NYSE:T) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,291 shares of the technology company’s stock, valued at approximately $263,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in T. AllSquare Wealth Management LLC increased its position in AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after buying an additional 378 shares in the last quarter. Next Level Private LLC grew its stake in AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock valued at $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC grew its stake in AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock valued at $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. increased its holdings in shares of AT&T by 9.4% during the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock valued at $126,000 after acquiring an additional 398 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its position in shares of AT&T by 0.3% during the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock worth $3,222,000 after purchasing an additional 398 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T opened at $28.92 on Tuesday. AT&T Inc. has a 1 year low of $19.34 and a 1 year high of $29.19. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The business has a fifty day simple moving average of $27.93 and a two-hundred day simple moving average of $27.27. The company has a market capitalization of $206.79 billion, a P/E ratio of 16.43, a P/E/G ratio of 3.57 and a beta of 0.42.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. AT&T’s dividend payout ratio is currently 63.07%.

Analyst Ratings Changes

T has been the subject of several research reports. HSBC downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. Raymond James Financial reissued a “strong-buy” rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, July 24th. Cowen restated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group reissued a “buy” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.21.

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.