AT&T Inc. (NYSE:T) Shares Acquired by Triad Wealth Partners LLC

Triad Wealth Partners LLC boosted its holdings in AT&T Inc. (NYSE:T) by 84.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,372 shares of the technology company’s stock after purchasing an additional 8,887 shares during the quarter. Triad Wealth Partners LLC’s holdings in AT&T were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T during the 3rd quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter valued at about $28,000. Ritter Daniher Financial Advisory LLC DE grew its position 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 valued at $29,000 after acquiring an additional 841 shares during the period. YANKCOM Partnership acquired a new stake in AT&T during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after purchasing an additional 430 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 5.5 %

T opened at $26.20 on Wednesday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $27.97. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market capitalization of $188.03 billion, a PE ratio of 17.58, a P/E/G ratio of 3.00 and a beta of 0.59. The firm’s fifty day moving average price is $24.08 and its 200 day moving average price is $22.69.

AT&T (NYSE:T) last issued its 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 net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. UBS Group lifted their target price on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Finally, Scotiabank raised their price objective on AT&T from $26.00 to $28.50 and gave the company a “sector outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.45.

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.