Asset Planning Inc Takes $232,000 Position in AT&T Inc. (NYSE:T)

Asset Planning Inc bought a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,203 shares of the technology company’s stock, valued at approximately $232,000.

Several other institutional investors also recently bought and sold shares of T. DT Investment Partners LLC grew its stake in shares of AT&T by 161.4% in the 4th quarter. DT Investment Partners LLC now owns 1,890 shares of the technology company’s stock worth $43,000 after buying an additional 1,167 shares in the last quarter. First Merchants Corp boosted its stake in shares of AT&T by 14.8% during the 4th quarter. First Merchants Corp now owns 16,407 shares of the technology company’s stock worth $374,000 after purchasing an additional 2,110 shares during the period. Palacios Wealth Management LLC purchased a new position in shares of AT&T during the 4th quarter worth about $455,000. Root Financial Partners LLC purchased a new position in shares of AT&T during the 4th quarter worth about $225,000. Finally, Catalyst Financial Partners LLC boosted its stake in shares of AT&T by 21.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 31,335 shares of the technology company’s stock worth $713,000 after purchasing an additional 5,506 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T opened at $25.63 on Friday. The company’s fifty day moving average price is $23.15 and its 200 day moving average price is $21.96. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.74. The company has a market capitalization of $183.87 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted 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 8.95% and a return on equity of 13.97%. On average, research analysts predict that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.33%. The ex-dividend date was Friday, January 10th. AT&T’s payout ratio is 74.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on T. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup lifted their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price objective on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.