Ibex Wealth Advisors Increases Position in AT&T Inc. (NYSE:T)

Ibex Wealth Advisors lifted its position in shares of AT&T Inc. (NYSE:T) by 0.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 555,802 shares of the technology company’s stock after buying an additional 4,980 shares during the period. AT&T accounts for approximately 2.1% of Ibex Wealth Advisors’ portfolio, making the stock its 12th largest holding. Ibex Wealth Advisors’ holdings in AT&T were worth $15,718,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of T. Minot DeBlois Advisors LLC acquired a new position in AT&T during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in AT&T during the fourth quarter worth approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter worth $27,000. Marshall Investment Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $28,000. Finally, Tradewinds Capital Management LLC increased its position in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after acquiring an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on T shares. Oppenheimer increased their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. Citigroup restated a “buy” rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. upped their target price on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Barclays upped their target price on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average price target of $28.71.

AT&T Stock Performance

Shares of T stock opened at $27.88 on Tuesday. 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 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. The stock has a 50-day moving average of $27.32 and a 200-day moving average of $25.52. AT&T Inc. has a one year low of $17.42 and a one year high of $29.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS 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 the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current 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. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.98%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

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.