WealthShield Partners LLC Buys 1,550 Shares of AT&T Inc. (NYSE:T)

WealthShield Partners LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,401 shares of the technology company’s stock after acquiring an additional 1,550 shares during the quarter. WealthShield Partners LLC’s holdings in AT&T were worth $973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of T. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the 4th quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the 4th quarter worth $27,000. Hager Investment Management Services LLC boosted its position in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company’s stock worth $28,000 after purchasing an additional 641 shares in the last quarter. Finally, Core Alternative Capital boosted its position in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock worth $29,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.47 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $18.97 and a twelve month high of $29.19. The business has a 50-day moving average price of $27.81 and a 200 day moving average price of $26.93. The firm has a market cap of $196.45 billion, a PE ratio of 15.61, a P/E/G ratio of 3.44 and a beta of 0.42.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, July 10th. AT&T’s payout ratio is presently 63.07%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research report on Thursday, April 24th. Scotiabank raised their target price on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their target price on AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. TD Securities raised their target price on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.66.

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.