Central Valley Advisors LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Central Valley Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 21.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,072 shares of the technology company’s stock after purchasing an additional 1,963 shares during the quarter. Central Valley Advisors LLC’s holdings in AT&T were worth $313,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in AT&T during the fourth quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the fourth quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the 4th quarter worth $27,000. Marshall Investment Management LLC purchased a new stake in AT&T in the 4th quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.7%

Shares of NYSE:T opened at $27.88 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $27.32 and its 200 day moving average price is $25.52. The company has a market cap of $200.58 billion, a PE ratio of 18.71, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $17.42 and a fifty-two week high of $29.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on T shares. TD Securities boosted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $28.71.

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.