4,198 Shares in AT&T Inc. (NYSE:T) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,198 shares of the technology company’s stock, valued at approximately $96,000.

A number of other institutional investors also recently added to or reduced their stakes in T. Fairvoy Private Wealth LLC acquired a new position in shares of AT&T during the fourth quarter valued at approximately $300,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in AT&T by 5.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 943,910 shares of the technology company’s stock valued at $21,493,000 after purchasing an additional 48,607 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of AT&T by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,543,563 shares of the technology company’s stock valued at $399,467,000 after purchasing an additional 325,073 shares during the period. Consolidated Portfolio Review Corp lifted its holdings in shares of AT&T by 221.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 114,517 shares of the technology company’s stock valued at $2,608,000 after buying an additional 78,898 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in AT&T during the fourth quarter valued at about $332,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on T shares. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. Barclays lifted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price objective on AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. Finally, Evercore ISI upped their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.21.

AT&T Price Performance

T opened at $24.56 on Monday. The stock has a fifty day moving average price of $23.04 and a 200 day moving average price of $21.84. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.98. The stock has a market cap of $176.19 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.52%. AT&T’s dividend payout ratio is currently 74.50%.

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.