Signature Wealth Management Group raised its holdings in AT&T Inc. (NYSE:T) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,623 shares of the technology company’s stock after purchasing an additional 1,703 shares during the quarter. AT&T makes up about 2.0% of Signature Wealth Management Group’s investment portfolio, making the stock its 22nd largest position. Signature Wealth Management Group’s holdings in AT&T were worth $3,190,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. JJJ Advisors Inc. acquired a new stake in shares of AT&T in the 3rd quarter valued at $27,000. Bourgeon Capital Management LLC acquired a new stake in shares of AT&T in the 3rd quarter valued at $45,000. Fulcrum Equity Management acquired a new stake in shares of AT&T in the 3rd quarter valued at $51,000. Corbenic Partners LLC acquired a new stake in shares of AT&T in the 4th quarter valued at $54,000. Finally, Quantum Capital Management acquired a new stake in shares of AT&T in the 3rd quarter valued at $57,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.
Shares of AT&T stock opened at $37.87 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.79. AT&T Inc. has a 12 month low of $28.92 and a 12 month high of $39.70. The business has a fifty day simple moving average of $38.53 and a 200 day simple moving average of $36.76. The stock has a market cap of $276.75 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62.
AT&T (NYSE:T) last announced its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The business had revenue of $44.59 billion during the quarter, compared to analysts’ expectations of $45.45 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts expect that AT&T Inc. will post 3.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, January 9th. This is a boost from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.49%. AT&T’s payout ratio is 59.09%.
T has been the subject of several research reports. Raymond James reissued a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of AT&T in a research note on Tuesday, October 29th. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $36.00 target price for the company. Tigress Financial reissued a “buy” rating on shares of AT&T in a research note on Friday, January 3rd. SunTrust Banks lifted their target price on AT&T to $36.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, DZ Bank reissued a “hold” rating and issued a $38.00 target price on shares of AT&T in a research note on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.22.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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