11,059 Shares in AT&T Inc. (NYSE:T) Acquired by True Link Financial Advisors LLC

True Link Financial Advisors LLC purchased a new position in AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,059 shares of the technology company’s stock, valued at approximately $252,000.

A number of other large investors also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new stake in AT&T in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in AT&T in the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in AT&T in the 3rd quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T in the 3rd quarter worth approximately $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Up 1.2 %

Shares of NYSE T opened at $22.30 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. 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 1-year low of $15.94 and a 1-year high of $24.03. The business has a fifty day moving average price of $22.79 and a 200 day moving average price of $21.33.

AT&T (NYSE:T) last issued 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 firm had revenue of $30.20 billion during 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 firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. Equities research analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 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 4.98%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analyst Ratings Changes

A number of research firms have issued reports on T. Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday. Tigress Financial upped their price objective on AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

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.