KFG Wealth Management LLC Invests $228,000 in AT&T Inc. (NYSE:T)

KFG Wealth Management LLC bought a new stake in AT&T Inc. (NYSE:T) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 8,068 shares of the technology company’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in AT&T in the 4th quarter worth $25,000. Putney Financial Group LLC acquired a new position in AT&T during the fourth quarter worth $27,000. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter valued at $28,000. Finally, Tradewinds Capital Management LLC lifted its holdings 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 valued at $30,000 after purchasing an additional 430 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.2%

T stock opened at $28.09 on Friday. AT&T Inc. has a one year low of $17.42 and a one year high of $29.03. The firm has a market cap of $202.12 billion, a PE ratio of 18.85, a PEG ratio of 3.00 and a beta of 0.41. The firm’s 50 day moving average price is $27.32 and its 200-day moving average price is $25.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (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 analyst estimates of $30.39 billion. During the same period last year, the business earned $0.55 EPS. AT&T’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial boosted their price target on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Finally, Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $28.71.

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.