Pure Financial Advisors LLC Has $521,000 Stake in AT&T Inc. (NYSE:T)

Pure Financial Advisors LLC grew its holdings in AT&T Inc. (NYSE:T) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,896 shares of the technology company’s stock after purchasing an additional 2,433 shares during the quarter. Pure Financial Advisors LLC’s holdings in AT&T were worth $521,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Tudor Financial Inc. acquired a new stake in AT&T in the 4th quarter valued at approximately $202,000. Amplius Wealth Advisors LLC boosted its position in shares of AT&T by 8.4% in the fourth quarter. Amplius Wealth Advisors LLC now owns 12,882 shares of the technology company’s stock valued at $293,000 after acquiring an additional 994 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of AT&T by 24.6% in the fourth quarter. Harbor Investment Advisory LLC now owns 17,124 shares of the technology company’s stock worth $390,000 after acquiring an additional 3,384 shares during the last quarter. Gemmer Asset Management LLC bought a new position in AT&T during the fourth quarter worth $233,000. Finally, Union Savings Bank boosted its holdings in AT&T by 32.9% in the 4th quarter. Union Savings Bank now owns 15,688 shares of the technology company’s stock valued at $357,000 after purchasing an additional 3,881 shares during the period. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.9 %

Shares of NYSE T opened at $22.49 on Wednesday. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The firm’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $21.37. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The company has a market cap of $161.40 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations of $30.50 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. AT&T’s revenue was down .5% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.93%. AT&T’s dividend payout ratio (DPR) is currently 90.24%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on T. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Sanford C. Bernstein assumed coverage on AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

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.