Silvia Mccoll Wealth Management LLC Buys 850 Shares of AT&T Inc. (NYSE:T)

Silvia Mccoll Wealth Management LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 8.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,391 shares of the technology company’s stock after acquiring an additional 850 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in AT&T were worth $191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in AT&T by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock worth $10,443,980,000 after buying an additional 2,155,232 shares during the last quarter. Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at approximately $1,118,288,000. Ameriprise Financial Inc. grew its position in shares of AT&T by 185.6% in the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of AT&T by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after purchasing an additional 798,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of AT&T by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock valued at $794,978,000 after purchasing an additional 1,137,792 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Oppenheimer reiterated an “outperform” rating and issued a $21.00 price target on shares of AT&T in a research note on Tuesday, June 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Tuesday, March 5th. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.73.

AT&T Stock Performance

Shares of AT&T stock traded down $0.13 during mid-day trading on Monday, hitting $18.98. 33,256,028 shares of the stock were exchanged, compared to its average volume of 36,884,797. AT&T Inc. has a 12 month low of $13.43 and a 12 month high of $19.32. The company has a 50-day simple moving average of $17.57 and a 200 day simple moving average of $17.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The company has a market capitalization of $136.09 billion, a P/E ratio of 10.20, a P/E/G ratio of 4.34 and a beta of 0.58.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the business posted $0.60 EPS. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a $0.2775 dividend. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.85%. AT&T’s dividend payout ratio is 59.68%.

About AT&T

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.