WealthCare Investment Partners LLC Raises Position in AT&T Inc. (NYSE:T)

WealthCare Investment Partners LLC grew its position in AT&T Inc. (NYSE:T) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,818 shares of the technology company’s stock after buying an additional 2,092 shares during the period. WealthCare Investment Partners LLC’s holdings in AT&T were worth $544,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of T. LMG Wealth Partners LLC raised its holdings in shares of AT&T by 0.6% during the fourth quarter. LMG Wealth Partners LLC now owns 83,811 shares of the technology company’s stock valued at $1,908,000 after purchasing an additional 490 shares during the last quarter. TBH Global Asset Management LLC raised its holdings in shares of AT&T by 6.4% during the fourth quarter. TBH Global Asset Management LLC now owns 26,045 shares of the technology company’s stock valued at $593,000 after purchasing an additional 1,557 shares during the last quarter. Financial Sense Advisors Inc. raised its holdings in shares of AT&T by 11.1% during the fourth quarter. Financial Sense Advisors Inc. now owns 44,399 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 4,423 shares during the last quarter. Parthenon LLC raised its holdings in shares of AT&T by 3.4% during the fourth quarter. Parthenon LLC now owns 18,098 shares of the technology company’s stock valued at $412,000 after purchasing an additional 600 shares during the last quarter. Finally, Good Life Advisors LLC raised its holdings in shares of AT&T by 27.2% during the fourth quarter. Good Life Advisors LLC now owns 147,637 shares of the technology company’s stock valued at $3,362,000 after purchasing an additional 31,613 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on T. UBS Group boosted their price objective on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Scotiabank upped their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 28th. The Goldman Sachs Group upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays upped their target price on shares of AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Evercore ISI upped their target price on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $26.33.

AT&T Price Performance

Shares of NYSE:T opened at $26.23 on Thursday. 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 firm has a fifty day moving average price of $23.38 and a 200 day moving average price of $22.20. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $26.35. The firm has a market cap of $188.28 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.99 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.