San Luis Wealth Advisors LLC Increases Stock Position in AT&T Inc. (NYSE:T)

San Luis Wealth Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,496 shares of the technology company’s stock after purchasing an additional 2,687 shares during the period. San Luis Wealth Advisors LLC’s holdings in AT&T were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC lifted its stake in shares of AT&T by 5,378.3% in the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after purchasing an additional 3,711 shares during the period. Thoroughbred Financial Services LLC grew its position in shares of AT&T by 32.9% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after acquiring an additional 4,824 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of AT&T by 32.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 27,970 shares in the last quarter. Sierra Summit Advisors LLC raised its holdings in AT&T by 32.5% in the 2nd quarter. Sierra Summit Advisors LLC now owns 13,521 shares of the technology company’s stock worth $258,000 after purchasing an additional 3,316 shares during the period. Finally, Wulff Hansen & CO. lifted its position in AT&T by 1,656.6% during the second quarter. Wulff Hansen & CO. now owns 216,344 shares of the technology company’s stock valued at $4,134,000 after purchasing an additional 204,028 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on T. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Tigress Financial raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Citigroup boosted their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $25.76.

AT&T Stock Performance

Shares of T stock opened at $21.80 on Wednesday. The business’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $21.28. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The company has a market cap of $156.42 billion, a PE ratio of 17.72, a PEG ratio of 3.60 and a beta of 0.59. 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 (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Analysts expect that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Dividend Announcement

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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

AT&T 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.