Bcwm LLC Makes New Investment in AT&T Inc. (NYSE:T)

Bcwm LLC acquired a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 242,908 shares of the technology company’s stock, valued at approximately $5,531,000. AT&T comprises 2.0% of Bcwm LLC’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors have also recently made changes to their positions in the company. United Bank raised its holdings in shares of AT&T by 2.1% in the fourth quarter. United Bank now owns 43,511 shares of the technology company’s stock worth $991,000 after buying an additional 875 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in AT&T during the 4th quarter worth about $161,000. CIBC Private Wealth Group LLC grew its stake in AT&T by 14.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 274,643 shares of the technology company’s stock valued at $6,092,000 after purchasing an additional 34,623 shares during the last quarter. Joseph Group Capital Management increased its holdings in shares of AT&T by 10.8% in the fourth quarter. Joseph Group Capital Management now owns 207,165 shares of the technology company’s stock valued at $4,717,000 after purchasing an additional 20,189 shares during the period. Finally, Charter Research & Investment Group Inc. raised its stake in shares of AT&T by 4.9% in the fourth quarter. Charter Research & Investment Group Inc. now owns 43,234 shares of the technology company’s stock worth $984,000 after purchasing an additional 2,024 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the topic of a number of recent research reports. Sanford C. Bernstein upped their target price on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price for the company. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Scotiabank increased their price target on AT&T from $26.00 to $28.50 and gave the stock a “sector outperform” rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.79.

AT&T Trading Down 0.0 %

Shares of T stock opened at $28.20 on Friday. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $28.51. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The stock’s fifty day moving average is $25.70 and its two-hundred day moving average is $23.53. The firm has a market capitalization of $202.40 billion, a P/E ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

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.