Twin Focus Capital Partners LLC Has $552,000 Position in AT&T Inc. (NYSE:T)

Twin Focus Capital Partners LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,526 shares of the technology company’s stock after buying an additional 1,991 shares during the quarter. Twin Focus Capital Partners LLC’s holdings in AT&T were worth $552,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of T. Capstone Wealth Management LLC bought a new position in shares of AT&T in the first quarter valued at about $201,000. DigitalBridge Group Inc. increased its position in AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock worth $65,255,000 after acquiring an additional 365,776 shares during the period. Wedmont Private Capital raised its stake in AT&T by 7.9% in the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock worth $3,302,000 after purchasing an additional 9,027 shares in the last quarter. Xponance Inc. raised its stake in AT&T by 10.2% in the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company’s stock worth $31,389,000 after purchasing an additional 102,419 shares in the last quarter. Finally, NBT Bank N A NY boosted its holdings in AT&T by 7.5% in the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company’s stock valued at $3,660,000 after purchasing an additional 8,989 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. UBS Group reaffirmed a “buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. Finally, Scotiabank upped their price objective on AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.21.

AT&T Price Performance

Shares of T opened at $28.89 on Friday. The business’s fifty day moving average is $27.90 and its 200 day moving average is $27.19. AT&T Inc. has a 12-month low of $19.08 and a 12-month high of $29.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $206.57 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.55 and a beta of 0.42.

AT&T (NYSE:T) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 63.07%.

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.