RWA Wealth Partners LLC Has $2.49 Million Holdings in AT&T Inc. (NYSE:T)

RWA Wealth Partners LLC raised its holdings in shares of AT&T Inc. (NYSE:T) by 60.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,145 shares of the technology company’s stock after buying an additional 55,561 shares during the quarter. RWA Wealth Partners LLC’s holdings in AT&T were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of T. Carmel Capital Partners LLC raised its stake in shares of 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 valued at $25,000 after purchasing an additional 1,625 shares in the last quarter. Lipe & Dalton acquired a new position in shares of AT&T in the third quarter valued at $30,000. Ramirez Asset Management Inc. acquired a new position in shares of AT&T in the third quarter valued at $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its stake in shares of AT&T by 588.2% in the fourth quarter. Morton Brown Family Wealth LLC now owns 2,622 shares of the technology company’s stock valued at $44,000 after purchasing an additional 2,241 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of NYSE:T opened at $16.51 on Wednesday. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The firm has a market cap of $118.09 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.71. The business has a fifty day moving average of $16.98 and a 200-day moving average of $16.54.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.72%. AT&T’s payout ratio is 56.63%.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Tuesday, March 5th. Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 1st. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, AT&T has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

About AT&T

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.