AT&T Inc. (NYSE:T) Shares Purchased by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,525 shares of the technology company’s stock after purchasing an additional 1,014 shares during the period. Tritonpoint Wealth LLC’s holdings in AT&T were worth $240,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Chesapeake Wealth Management grew its position in AT&T by 1.9% during the third quarter. Chesapeake Wealth Management now owns 24,304 shares of the technology company’s stock worth $535,000 after buying an additional 460 shares during the period. Luts & Greenleigh Group Inc. grew its holdings in shares of AT&T by 2.8% in the 4th quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after acquiring an additional 460 shares during the period. Socha Financial Group LLC increased its stake in AT&T by 2.5% in the 3rd quarter. Socha Financial Group LLC now owns 18,847 shares of the technology company’s stock valued at $415,000 after purchasing an additional 461 shares in the last quarter. Garden State Investment Advisory Services LLC raised its holdings in AT&T by 1.4% during the third quarter. Garden State Investment Advisory Services LLC now owns 34,468 shares of the technology company’s stock worth $759,000 after purchasing an additional 468 shares during the last quarter. Finally, Essex Savings Bank boosted its position in AT&T by 2.3% during the third quarter. Essex Savings Bank now owns 21,636 shares of the technology company’s stock worth $476,000 after purchasing an additional 480 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on T shares. UBS Group lifted their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Argus upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Scotiabank lifted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. upped their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.11.

AT&T Trading Down 1.2 %

T stock opened at $23.74 on Monday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The company has a market cap of $170.34 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $22.92 and a 200-day simple moving average of $21.64.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T Inc. will post 2.12 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. AT&T’s dividend payout ratio (DPR) is 74.50%.

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.