AT&T Inc. (NYSE:T) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its holdings in AT&T Inc. (NYSE:T) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,163,337 shares of the technology company’s stock after acquiring an additional 193,406 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in AT&T were worth $26,489,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Unified Investment Management acquired a new position in shares of AT&T during the 4th quarter valued at $864,000. Wernau Asset Management Inc. acquired a new position in shares of AT&T during the 4th quarter valued at $2,853,000. Meridian Wealth Management LLC increased its position in shares of AT&T by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 60,044 shares of the technology company’s stock valued at $1,367,000 after purchasing an additional 1,010 shares during the period. Kelly Financial Group LLC acquired a new position in shares of AT&T during the 4th quarter valued at $261,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in shares of AT&T during the 4th quarter valued at $2,033,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. The Goldman Sachs Group lifted their price target on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. Oppenheimer initiated coverage on AT&T in a research note on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. 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 research note on Thursday, February 13th. Finally, UBS Group raised their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.45.

AT&T Price Performance

T opened at $27.69 on Tuesday. The stock has a market cap of $198.76 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 3.00 and a beta of 0.59. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $27.86. 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 stock has a fifty day moving average price of $24.01 and a 200 day moving average price of $22.64.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.01%. AT&T’s payout ratio is 74.50%.

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.