Continuum Advisory LLC Buys 7,315 Shares of AT&T Inc. (NYSE:T)

Continuum Advisory LLC boosted its stake in AT&T Inc. (NYSE:TGet Rating) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,588 shares of the technology company’s stock after purchasing an additional 7,315 shares during the period. Continuum Advisory LLC’s holdings in AT&T were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. Econ Financial Services Corp purchased a new stake in AT&T during the 4th quarter valued at $26,000. KRS Capital Management LLC purchased a new stake in shares of AT&T in the 4th quarter worth $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of AT&T in the 3rd quarter worth $29,000. Atwood & Palmer Inc. purchased a new stake in shares of AT&T in the 4th quarter worth $29,000. Finally, Arlington Partners LLC increased its stake in shares of AT&T by 70.7% in the 4th quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock worth $31,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.

Shares of T stock opened at $21.29 on Friday. AT&T Inc. has a twelve month low of $16.62 and a twelve month high of $22.42. The stock has a market capitalization of $152.42 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 2.23 and a beta of 0.58. The stock has a fifty day simple moving average of $21.04 and a two-hundred day simple moving average of $23.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97.

AT&T (NYSE:TGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). The company had revenue of $38.10 billion for the quarter, compared to analysts’ expectations of $38.29 billion. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Research analysts predict that AT&T Inc. will post 2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Investors of record on Thursday, April 14th were paid a dividend of $0.278 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was Wednesday, April 13th. AT&T’s dividend payout ratio (DPR) is currently 46.84%.

T has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of AT&T from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $34.00 to $22.00 in a report on Monday, April 11th. Wells Fargo & Company dropped their target price on shares of AT&T from $26.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, April 14th. Raymond James dropped their target price on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday, April 12th. Morgan Stanley dropped their target price on shares of AT&T from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, April 13th. Finally, Moffett Nathanson started coverage on shares of AT&T in a report on Tuesday, April 5th. They set a $19.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of “Hold” and a consensus price target of $25.29.

AT&T Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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