Secure Asset Management LLC Has $1.02 Million Stock Holdings in AT&T Inc. (NYSE:T)

Secure Asset Management LLC boosted its holdings in shares of AT&T Inc. (NYSE:T) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,599 shares of the technology company’s stock after acquiring an additional 4,060 shares during the quarter. Secure Asset Management LLC’s holdings in AT&T were worth $1,016,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Red Door Wealth Management LLC grew its position in shares of AT&T by 5.2% during the 4th quarter. Red Door Wealth Management LLC now owns 34,443 shares of the technology company’s stock worth $784,000 after buying an additional 1,717 shares during the period. Donoghue Forlines LLC bought a new position in shares of AT&T during the 4th quarter worth about $3,580,000. Beacon Investment Advisory Services Inc. grew its stake in shares of AT&T by 58.1% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 39,670 shares of the technology company’s stock valued at $903,000 after buying an additional 14,584 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T in the 4th quarter valued at about $34,000. Finally, MinichMacGregor Wealth Management LLC raised its stake in AT&T by 169.7% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 27,123 shares of the technology company’s stock worth $618,000 after buying an additional 17,068 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $22.69 on Friday. The business’s fifty day simple moving average is $22.80 and its 200 day simple moving average is $21.41. 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 Inc. has a 12 month low of $15.94 and a 12 month high of $24.03. The firm has a market capitalization of $162.77 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. As a group, analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is 90.24%.

Analysts Set New Price Targets

T has been the subject of a number of research reports. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Tigress Financial lifted their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company dropped 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. Finally, Citigroup boosted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average price target 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.