AT&T Inc. (NYSE:T) Shares Acquired by Everpar Advisors LLC

Everpar Advisors LLC boosted its stake in AT&T Inc. (NYSE:T) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,124 shares of the technology company’s stock after buying an additional 650 shares during the period. Everpar Advisors LLC’s holdings in AT&T were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the 3rd quarter valued at $35,000. Reston Wealth Management LLC bought a new position in shares of AT&T in the third quarter worth $35,000. Finally, Altshuler Shaham Ltd bought a new position in shares of AT&T in the second quarter worth $30,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on T. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $19.00 to $28.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer initiated coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average price target of $25.83.

AT&T Stock Up 1.2 %

T stock opened at $22.30 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.03. The company’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $21.29.

AT&T (NYSE:T) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $30.20 billion for the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.2 EPS for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.98%. AT&T’s payout ratio is presently 90.24%.

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.