Accurate Wealth Management LLC Has $1.25 Million Stock Holdings in AT&T Inc. (NYSE:T)

Accurate Wealth Management LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 3.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,643 shares of the technology company’s stock after purchasing an additional 1,434 shares during the quarter. Accurate Wealth Management LLC’s holdings in AT&T were worth $1,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of AT&T during the fourth quarter worth $96,000. Thompson Investment Management Inc. lifted its position in AT&T by 18.6% in the 4th quarter. Thompson Investment Management Inc. now owns 7,762 shares of the technology company’s stock valued at $177,000 after acquiring an additional 1,216 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in AT&T by 10.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 383,516 shares of the technology company’s stock worth $8,733,000 after purchasing an additional 36,395 shares during the period. Finally, Wealthstar Advisors LLC acquired a new position in AT&T in the 4th quarter worth $237,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cowen reissued a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Citigroup reiterated a “buy” rating on shares of AT&T in a report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Wall Street Zen raised AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.71.

AT&T Price Performance

Shares of NYSE T opened at $27.88 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average price is $27.32 and its two-hundred day moving average price is $25.52. The company has a market cap of $200.58 billion, a PE ratio of 18.71, a price-to-earnings-growth 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.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is 68.10%.

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.