Quilter Plc Purchases Shares of 18,780 AT&T Inc. (NYSE:T)

Quilter Plc purchased a new stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,780 shares of the technology company’s stock, valued at approximately $428,000.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Legacy Investment Solutions LLC purchased a new stake in AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in AT&T by 169.2% in the third 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 fourth quarter worth $30,000. Endeavor Private Wealth Inc. purchased a new position in AT&T during the fourth quarter valued at $34,000. Finally, Reston Wealth Management LLC purchased a new position in AT&T during the third quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $24.56 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market cap of $176.19 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98. The business’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $21.84.

AT&T (NYSE:T) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. Equities analysts forecast that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on T shares. Citigroup raised their price objective on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research 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 report on Thursday, December 19th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. New Street Research raised AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada lifted their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.21.

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.