McGlone Suttner Wealth Management Inc. Grows Stock Position in AT&T Inc. (NYSE:T)

McGlone Suttner Wealth Management Inc. increased its stake in shares of AT&T Inc. (NYSE:T) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,801 shares of the technology company’s stock after acquiring an additional 1,694 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in AT&T were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC raised its holdings in AT&T by 13.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 166,697 shares of the technology company’s stock valued at $3,796,000 after acquiring an additional 19,868 shares during the last quarter. Brighton Jones LLC boosted its stake in AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock worth $1,106,000 after buying an additional 10,188 shares during the last quarter. Sustainable Insight Capital Management LLC grew its holdings in AT&T by 19.4% in the 4th quarter. Sustainable Insight Capital Management LLC now owns 544,763 shares of the technology company’s stock valued at $12,404,000 after buying an additional 88,563 shares in the last quarter. FCG Investment Co raised its holdings in shares of AT&T by 25.7% during the 4th quarter. FCG Investment Co now owns 15,286 shares of the technology company’s stock worth $348,000 after acquiring an additional 3,122 shares during the period. Finally, Secure Asset Management LLC grew its holdings in shares of AT&T by 10.0% in the fourth quarter. Secure Asset Management LLC now owns 44,599 shares of the technology company’s stock valued at $1,016,000 after purchasing an additional 4,060 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on T shares. The Goldman Sachs Group boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Sanford C. Bernstein started coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Wells Fargo & Company reduced their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Finally, UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

AT&T Price Performance

AT&T stock opened at $22.51 on Friday. The firm has a fifty day moving average of $22.80 and a 200-day moving average of $21.40. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $161.54 billion, a P/E ratio of 18.30, a PEG ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. As a group, analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The company 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 4.93%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is 90.24%.

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.