Traveka Wealth LLC Raises Stock Position in AT&T Inc. (NYSE:T)

Traveka Wealth LLC lifted its position in AT&T Inc. (NYSE:T) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,088 shares of the technology company’s stock after buying an additional 478 shares during the period. Traveka Wealth LLC’s holdings in AT&T were worth $314,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Tradewinds LLC. grew its position in AT&T by 5.3% during the 1st quarter. Tradewinds LLC. now owns 36,776 shares of the technology company’s stock worth $1,040,000 after purchasing an additional 1,837 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in AT&T during the 1st quarter worth approximately $54,000. Jackson Wealth Management LLC acquired a new stake in AT&T during the 1st quarter valued at approximately $507,000. McGlone Suttner Wealth Management Inc. lifted its stake in AT&T by 9.6% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 23,902 shares of the technology company’s stock valued at $676,000 after acquiring an additional 2,101 shares during the period. Finally, Viewpoint Capital Management LLC lifted its stake in AT&T by 7.3% during the 1st quarter. Viewpoint Capital Management LLC now owns 47,392 shares of the technology company’s stock valued at $1,340,000 after acquiring an additional 3,210 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 0.1%

Shares of T opened at $28.33 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.19. The firm has a 50-day moving average price of $27.79 and a 200 day moving average price of $26.15. The firm has a market capitalization of $203.82 billion, a P/E ratio of 17.38, a P/E/G ratio of 4.02 and a beta of 0.42.

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 firm had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company’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 company posted $0.55 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

Several analysts have commented on T shares. Scotiabank restated an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. UBS Group restated a “buy” rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Tigress Financial lifted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Evercore ISI boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.90.

About AT&T

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.