Aspire Capital Advisors LLC Invests $204,000 in AT&T Inc. (NYSE:T)

Aspire Capital Advisors LLC acquired a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,975 shares of the technology company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in T. Legacy Investment Solutions LLC purchased a new position in AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its stake in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares during the period. Endeavor Private Wealth Inc. acquired a new position in shares of AT&T in the fourth quarter worth $34,000. Reston Wealth Management LLC purchased a new position in AT&T in the third quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in AT&T in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

NYSE T opened at $24.11 on Tuesday. The stock’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $21.48. The company has a market cap of $172.97 billion, a PE ratio of 19.55, a PEG ratio of 3.50 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.36.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. On average, analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Announces Dividend

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. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.60%. AT&T’s dividend payout ratio is currently 90.24%.

Analyst Ratings Changes

Several equities analysts have issued reports on T shares. Oppenheimer initiated coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. Evercore ISI boosted their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AT&T has an average rating of “Moderate Buy” and an average price target of $25.89.

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.