AT&T Inc. (NYSE:T) Position Boosted by WealthTrust Axiom LLC

WealthTrust Axiom LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,723 shares of the technology company’s stock after purchasing an additional 13,575 shares during the period. WealthTrust Axiom LLC’s holdings in AT&T were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Carmel Capital Partners LLC grew its holdings in shares of AT&T by 16,250.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T during the third quarter worth approximately $30,000. Ramirez Asset Management Inc. acquired a new position in AT&T during the 3rd quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in AT&T by 35.3% in the 4th 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 during the period. Finally, Financial Gravity Asset Management Inc. grew its position in AT&T by 3,202.4% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,626 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Tuesday, March 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Stock Down 0.6 %

T stock traded down $0.10 during midday trading on Tuesday, hitting $16.92. The company’s stock had a trading volume of 19,369,665 shares, compared to its average volume of 39,212,066. The company’s fifty day moving average price is $16.97 and its 200 day moving average price is $16.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The stock has a market capitalization of $121.03 billion, a P/E ratio of 9.13, a PEG ratio of 3.32 and a beta of 0.57.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was down .4% compared to the same quarter last year. As a group, equities research analysts predict that AT&T Inc. will post 2.22 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Tuesday, April 9th. AT&T’s dividend payout ratio is 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.