AT&T Inc. (NYSE:T) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC raised its position in AT&T Inc. (NYSE:T) by 38.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,127 shares of the technology company’s stock after purchasing an additional 42,686 shares during the quarter. SVB Wealth LLC’s holdings in AT&T were worth $2,586,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in T. Carmel Capital Partners LLC grew its position in AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after acquiring an additional 1,625 shares during the period. FWL Investment Management LLC purchased a new position in shares of AT&T during the 4th quarter worth $31,000. Financial Freedom LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $34,000. Lipe & Dalton purchased a new stake in AT&T in the 3rd quarter valued at about $30,000. Finally, Ramirez Asset Management Inc. acquired a new position in AT&T in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.2 %

T opened at $16.12 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. AT&T Inc. has a one year low of $13.43 and a one year high of $19.87. The company has a market cap of $115.30 billion, a P/E ratio of 8.22, a PEG ratio of 2.43 and a beta of 0.57. The business’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $16.48.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a net margin of 11.76% and a return on equity of 15.39%. The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.89%. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Ratings Changes

T has been the topic of several research reports. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Tigress Financial upped their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Barclays raised their price target on shares of AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.