Focus Partners Wealth Has $29.12 Million Position in AT&T Inc. (NYSE:T)

Focus Partners Wealth increased its position in shares of AT&T Inc. (NYSE:T) by 59.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,235,890 shares of the technology company’s stock after purchasing an additional 459,410 shares during the period. Focus Partners Wealth’s holdings in AT&T were worth $29,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in AT&T by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,600,080 shares of the technology company’s stock valued at $35,202,000 after acquiring an additional 7,048 shares in the last quarter. Czech National Bank raised its holdings in AT&T by 6.5% in the 4th quarter. Czech National Bank now owns 1,555,744 shares of the technology company’s stock valued at $35,424,000 after acquiring an additional 95,089 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in AT&T by 3.6% in the 4th quarter. Aprio Wealth Management LLC now owns 26,021 shares of the technology company’s stock valued at $593,000 after acquiring an additional 902 shares in the last quarter. Fiduciary Alliance LLC increased its stake in shares of AT&T by 259.7% in the 4th quarter. Fiduciary Alliance LLC now owns 71,666 shares of the technology company’s stock valued at $1,632,000 after purchasing an additional 51,742 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its stake in shares of AT&T by 14.9% in the 4th quarter. Trust Co. of Toledo NA OH now owns 130,888 shares of the technology company’s stock valued at $2,980,000 after purchasing an additional 16,978 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Trading Up 1.5%

NYSE T opened at $27.88 on Monday. The firm has a market capitalization of $200.61 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business’s 50-day moving average price is $27.15 and its two-hundred day moving average price is $24.77. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. On average, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio is 68.10%.

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.