626 Financial LLC Buys 614 Shares of AT&T Inc. (NYSE:T)

626 Financial LLC grew its stake in AT&T Inc. (NYSE:T) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,310 shares of the technology company’s stock after purchasing an additional 614 shares during the quarter. 626 Financial LLC’s holdings in AT&T were worth $758,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the third quarter valued at about $35,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the third quarter valued at about $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of AT&T in the second quarter valued at about $30,000. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on T. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company reduced their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Tigress Financial increased their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Royal Bank of Canada upgraded shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. Finally, Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.76.

AT&T Stock Up 1.1 %

T stock opened at $21.80 on Wednesday. The firm has a 50-day moving average price of $22.80 and a 200-day moving average price of $21.28. The stock has a market capitalization of $156.42 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.09%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

About AT&T

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.