Vanguard Capital Wealth Advisors Makes New $244,000 Investment in AT&T Inc. (NYSE:T)

Vanguard Capital Wealth Advisors acquired a new position in AT&T Inc. (NYSE:T) during the first quarter, Holdings Channel.com reports. The firm acquired 8,643 shares of the technology company’s stock, valued at approximately $244,000.

A number of other institutional investors have also recently added to or reduced their stakes in T. Norges Bank bought a new stake in shares of AT&T in the 4th quarter worth about $1,858,418,000. GQG Partners LLC increased its position in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AT&T by 31.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock worth $1,216,665,000 after purchasing an additional 12,881,578 shares during the last quarter. Northern Trust Corp increased its position in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after purchasing an additional 9,719,036 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Oppenheimer boosted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Citigroup reaffirmed a “buy” rating on shares of AT&T in a research report on Monday, April 7th. Finally, Tigress Financial boosted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Trading Up 1.2%

Shares of NYSE:T opened at $28.09 on Friday. The company has a 50 day moving average of $27.32 and a 200-day moving average of $25.45. The firm has a market cap of $202.12 billion, a P/E ratio of 18.85, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a twelve month low of $17.42 and a twelve month high of $29.03. 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 (NYSE:T) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is currently 68.10%.

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.