Investment Advisory Group LLC Buys 1,241 Shares of AT&T Inc. (NYSE:T)

Investment Advisory Group LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,126 shares of the technology company’s stock after buying an additional 1,241 shares during the quarter. Investment Advisory Group LLC’s holdings in AT&T were worth $405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of T. United Asset Strategies Inc. increased its position in shares of AT&T by 19.0% during the 4th quarter. United Asset Strategies Inc. now owns 15,639 shares of the technology company’s stock valued at $262,000 after purchasing an additional 2,495 shares during the last quarter. SVB Wealth LLC increased its position in shares of AT&T by 38.3% during the 4th quarter. SVB Wealth LLC now owns 154,127 shares of the technology company’s stock valued at $2,586,000 after purchasing an additional 42,686 shares during the last quarter. LifePlan Financial LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $467,000. Flputnam Investment Management Co. increased its holdings in AT&T by 60.0% in the 4th quarter. Flputnam Investment Management Co. now owns 206,236 shares of the technology company’s stock worth $3,461,000 after acquiring an additional 77,334 shares during the last quarter. Finally, Keel Point LLC increased its holdings in AT&T by 6.8% in the 4th quarter. Keel Point LLC now owns 30,957 shares of the technology company’s stock worth $519,000 after acquiring an additional 1,981 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

NYSE:T traded down $0.16 during mid-day trading on Tuesday, reaching $16.08. The stock had a trading volume of 22,008,348 shares, compared to its average volume of 38,276,340. The firm has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $16.48. The stock has a market capitalization of $115.02 billion, a P/E ratio of 8.16, a P/E/G ratio of 2.46 and a beta of 0.57. AT&T Inc. has a one year low of $13.43 and a one year high of $19.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71.

AT&T (NYSE:T) last released its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $32 billion during the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.90%. AT&T’s dividend payout ratio (DPR) is currently 56.63%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Barclays lifted their price objective on AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Tigress Financial lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

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.