Advyzon Investment Management LLC Acquires New Stake in AT&T Inc. (NYSE:T)

Advyzon Investment Management LLC bought a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel reports. The fund bought 10,737 shares of the technology company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. WealthCare Investment Partners LLC raised its position in AT&T by 9.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 23,818 shares of the technology company’s stock worth $544,000 after acquiring an additional 2,092 shares in the last quarter. LMG Wealth Partners LLC grew its stake in shares of AT&T by 0.6% during the 4th quarter. LMG Wealth Partners LLC now owns 83,811 shares of the technology company’s stock worth $1,908,000 after purchasing an additional 490 shares during the period. TBH Global Asset Management LLC grew its stake in shares of AT&T by 6.4% during the 4th quarter. TBH Global Asset Management LLC now owns 26,045 shares of the technology company’s stock worth $593,000 after purchasing an additional 1,557 shares during the period. Financial Sense Advisors Inc. increased its holdings in shares of AT&T by 11.1% in the 4th quarter. Financial Sense Advisors Inc. now owns 44,399 shares of the technology company’s stock valued at $1,011,000 after purchasing an additional 4,423 shares in the last quarter. Finally, Parthenon LLC lifted its stake in shares of AT&T by 3.4% in the fourth quarter. Parthenon LLC now owns 18,098 shares of the technology company’s stock valued at $412,000 after purchasing an additional 600 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 brokerages have issued reports on T. JPMorgan Chase & Co. increased their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. UBS Group raised their price objective on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank boosted their price objective on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. Finally, Tigress Financial lifted their target price on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Price Performance

T stock opened at $26.18 on Friday. The stock has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $22.23. The company has a market cap of $187.95 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.99 and a beta of 0.59. 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 12-month low of $15.94 and a 12-month high of $26.35.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio is presently 74.50%.

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.