International Private Wealth Advisors LLC Buys 2,640 Shares of AT&T Inc. (NYSE:T)

International Private Wealth Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T) by 12.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,218 shares of the technology company’s stock after purchasing an additional 2,640 shares during the period. International Private Wealth Advisors LLC’s holdings in AT&T were worth $529,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its position in shares of AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. YANKCOM Partnership bought a new stake in shares of AT&T during the 4th quarter valued at about $30,000. Endeavor Private Wealth Inc. purchased a new position in shares of AT&T during the fourth quarter worth about $34,000. Finally, Reston Wealth Management LLC bought a new position in shares of AT&T in the third quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on T. Scotiabank lifted their target price on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. DZ Bank upgraded 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 Wednesday, January 29th. UBS Group upped their price objective on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Sanford C. Bernstein increased their price objective on AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

AT&T Price Performance

T stock opened at $24.86 on Tuesday. The stock has a market capitalization of $178.38 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.79 and a beta of 0.59. The firm’s 50-day moving average price is $23.04 and its two-hundred day moving average price is $21.86. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.98.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.