Moss Adams Wealth Advisors LLC Boosts Holdings in AT&T Inc. (NYSE:T)

Moss Adams Wealth Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,991 shares of the technology company’s stock after purchasing an additional 1,864 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in AT&T were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of T. Veery Capital LLC purchased a new position in shares of AT&T in the fourth quarter worth about $214,000. Krilogy Financial LLC grew its position in shares of AT&T by 3.1% in the fourth quarter. Krilogy Financial LLC now owns 46,615 shares of the technology company’s stock valued at $1,061,000 after purchasing an additional 1,421 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in AT&T by 2.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 125,521 shares of the technology company’s stock worth $2,858,000 after buying an additional 3,133 shares in the last quarter. HB Wealth Management LLC boosted its stake in AT&T by 2.2% during the fourth quarter. HB Wealth Management LLC now owns 963,156 shares of the technology company’s stock worth $21,931,000 after buying an additional 20,768 shares during the last quarter. Finally, Financial & Tax Architects LLC purchased a new stake in AT&T in the 4th quarter valued at $6,141,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 1.2 %

Shares of T stock opened at $22.30 on Friday. The stock has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.03. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. The company has a 50 day moving average price of $22.79 and a 200 day moving average price of $21.31.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities research analysts predict that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is currently 90.24%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Tigress Financial increased their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company reduced their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday. Finally, Sanford C. Bernstein began coverage on AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.83.

AT&T Company 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.