Cypress Wealth Services LLC Purchases 1,220 Shares of AT&T Inc. (NYSE:T)

Cypress Wealth Services LLC lifted its stake in AT&T Inc. (NYSE:T) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,276 shares of the technology company’s stock after acquiring an additional 1,220 shares during the quarter. Cypress Wealth Services LLC’s holdings in AT&T were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Pineridge Advisors LLC purchased a new position in shares of AT&T in the fourth quarter worth approximately $25,000. Frank Rimerman Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $25,000. Ramirez Asset Management Inc. purchased a new position in AT&T during the third quarter valued at approximately $30,000. Western Pacific Wealth Management LP purchased a new position in AT&T during the fourth quarter valued at approximately $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in AT&T by 35.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Tuesday, March 5th. Oppenheimer reiterated an “outperform” rating and set a $21.00 price objective on shares of AT&T in a research report on Tuesday. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Finally, BNP Paribas upgraded shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Trading Down 0.0 %

T stock traded down $0.01 during mid-day trading on Thursday, reaching $18.76. 28,909,695 shares of the stock traded hands, compared to its average volume of 36,762,355. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a one year low of $13.43 and a one year high of $18.81. The stock has a market capitalization of $134.48 billion, a PE ratio of 10.04, a PEG ratio of 4.25 and a beta of 0.60. The business has a 50-day moving average price of $17.47 and a two-hundred day moving average price of $17.14.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend 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%.

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.