Waverly Advisors LLC Boosts Position in AT&T Inc. (NYSE:T)

Waverly Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,011 shares of the technology company’s stock after purchasing an additional 36,277 shares during the period. Waverly Advisors LLC’s holdings in AT&T were worth $7,719,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership acquired a new position in shares of AT&T during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of AT&T during the 4th quarter worth approximately $34,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Monday, April 7th. 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 report on Tuesday, April 29th. Finally, TD Securities lifted their price objective on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.71.

AT&T Price Performance

Shares of AT&T stock opened at $27.77 on Wednesday. AT&T Inc. has a twelve month low of $17.11 and a twelve month high of $29.03. The stock has a market capitalization of $199.82 billion, a P/E ratio of 18.64, a PEG ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business’s fifty day moving average price is $27.26 and its 200 day moving average price is $25.00.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 analyst estimates of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 EPS. AT&T’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is presently 68.10%.

About AT&T

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.