180 Wealth Advisors LLC Grows Position in AT&T Inc. (NYSE:T)

180 Wealth Advisors LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,605 shares of the technology company’s stock after buying an additional 1,171 shares during the quarter. 180 Wealth Advisors LLC’s holdings in AT&T were worth $1,119,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Pineridge Advisors LLC purchased a new position in shares of AT&T in the fourth quarter worth $25,000. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T in the fourth quarter worth $25,000. Ramirez Asset Management Inc. purchased a new position in shares of AT&T in the third quarter worth $30,000. Western Pacific Wealth Management LP purchased a new position in shares of AT&T in the fourth quarter worth $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after purchasing an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.0 %

AT&T stock traded down $0.01 during midday trading on Thursday, hitting $18.76. 28,909,695 shares of the company’s stock were exchanged, compared to its average volume of 36,762,355. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $18.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market cap of $134.48 billion, a PE ratio of 10.04, a P/E/G ratio of 4.25 and a beta of 0.60. The firm has a 50-day moving average of $17.47 and a two-hundred day moving average of $17.14.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. During the same period last year, the business posted $0.60 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several brokerages recently commented on T. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a report on Monday, April 29th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.