Opal Wealth Advisors LLC Acquires 2,126 Shares of AT&T Inc. (NYSE:T)

Opal Wealth Advisors LLC grew its holdings in AT&T Inc. (NYSE:T) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,420 shares of the technology company’s stock after purchasing an additional 2,126 shares during the period. Opal Wealth Advisors LLC’s holdings in AT&T were worth $306,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings 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 worth $29,000 after acquiring an additional 841 shares during the period. YANKCOM Partnership purchased a new stake in AT&T in the 4th quarter worth approximately $30,000. Endeavor Private Wealth Inc. bought a new position in AT&T in the 4th quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of AT&T during the 3rd quarter valued at $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of AT&T stock opened at $24.56 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98. The business’s 50 day simple moving average is $23.04 and its two-hundred day simple moving average is $21.84. The stock has a market capitalization of $176.19 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

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

AT&T Announces Dividend

The company also recently announced 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%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on T shares. Morgan Stanley upgraded AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Oppenheimer began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target for the company. Scotiabank upped 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. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T 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.