Valued Wealth Advisors LLC Increases Stock Holdings in AT&T Inc. (NYSE:T)

Valued Wealth Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 51.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,561 shares of the technology company’s stock after acquiring an additional 1,202 shares during the quarter. Valued Wealth Advisors LLC’s holdings in AT&T were worth $81,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Chesapeake Wealth Management increased its position in shares of AT&T by 1.9% in the 3rd quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock valued at $535,000 after acquiring an additional 460 shares during the period. Luts & Greenleigh Group Inc. raised its stake in shares of AT&T by 2.8% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after purchasing an additional 460 shares during the last quarter. Socha Financial Group LLC lifted its holdings in shares of AT&T by 2.5% during the third quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock worth $415,000 after purchasing an additional 461 shares during the period. Garden State Investment Advisory Services LLC boosted its position in AT&T by 1.4% in the third quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock valued at $759,000 after buying an additional 468 shares during the last quarter. Finally, Essex Savings Bank increased its holdings in AT&T by 2.3% in the 3rd quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock worth $476,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the subject of several research reports. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $22.00 to $26.00 in a research note on Monday, January 6th. Barclays boosted their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $28.00 in a research note on Monday, December 16th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Finally, Sanford C. Bernstein began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Trading Up 0.7 %

Shares of AT&T stock opened at $22.69 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.03. The firm has a market capitalization of $162.77 billion, a PE ratio of 18.44, a P/E/G ratio of 3.50 and a beta of 0.59. The firm’s 50-day moving average price is $22.80 and its 200 day moving average price is $21.48.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. On average, sell-side analysts predict that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s payout ratio is 90.24%.

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.