Brady Martz Wealth Solutions LLC Takes Position in AT&T Inc. (NYSE:T)

Brady Martz Wealth Solutions LLC bought a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,673 shares of the technology company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. boosted its position in shares of AT&T by 1.9% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 378,468 shares of the technology company’s stock valued at $8,618,000 after acquiring an additional 6,917 shares during the period. Clarius Group LLC increased its holdings in shares of AT&T by 5.9% during the fourth quarter. Clarius Group LLC now owns 33,403 shares of the technology company’s stock worth $761,000 after purchasing an additional 1,866 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of AT&T by 14.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 41,502 shares of the technology company’s stock valued at $945,000 after buying an additional 5,224 shares in the last quarter. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of AT&T in the fourth quarter valued at approximately $332,000. Finally, Moss Adams Wealth Advisors LLC boosted its stake in shares of AT&T by 12.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 16,991 shares of the technology company’s stock valued at $387,000 after buying an additional 1,864 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on T shares. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer started coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Stock Up 1.2 %

NYSE:T opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03. The company has a market cap of $159.97 billion, a PE ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. The firm’s 50 day simple moving average is $22.79 and its 200 day simple moving average is $21.31.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. On average, research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.98%. AT&T’s payout ratio is 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.