Legacy Financial Advisors Inc. Acquires 7,172 Shares of AT&T Inc. (NYSE:T)

Legacy Financial Advisors Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,032 shares of the technology company’s stock after acquiring an additional 7,172 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in AT&T were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of T. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $28,000. YANKCOM Partnership purchased a new stake in AT&T during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its stake in AT&T by 48.6% during the fourth 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 last quarter. Endeavor Private Wealth Inc. bought a new stake in AT&T during the fourth quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of AT&T in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on shares of AT&T from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. DZ Bank raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of AT&T in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.24.

AT&T Stock Down 0.4 %

Shares of AT&T stock opened at $26.38 on Friday. 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 $29.03. The company has a market cap of $189.33 billion, a P/E ratio of 17.70, a PEG ratio of 3.00 and a beta of 0.42. The company’s fifty day simple moving average is $26.54 and its two-hundred day simple moving average is $23.94.

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 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%. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, April 10th. AT&T’s dividend payout ratio is currently 74.50%.

AT&T 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.