AT&T Inc. (NYSE:T) Shares Bought by V Wealth Advisors LLC

V Wealth Advisors LLC grew its holdings in shares of AT&T Inc. (NYSE:TGet Rating) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,876 shares of the technology company’s stock after purchasing an additional 4,441 shares during the quarter. V Wealth Advisors LLC’s holdings in AT&T were worth $1,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerce Bank boosted its position in shares of AT&T by 73.9% during the 3rd quarter. Commerce Bank now owns 1,070,975 shares of the technology company’s stock valued at $16,429,000 after acquiring an additional 455,219 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of AT&T by 104.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 35,707 shares of the technology company’s stock valued at $548,000 after acquiring an additional 18,263 shares during the last quarter. XML Financial LLC boosted its position in shares of AT&T by 219.9% during the 3rd quarter. XML Financial LLC now owns 141,856 shares of the technology company’s stock valued at $2,176,000 after acquiring an additional 97,517 shares during the last quarter. BOK Financial Private Wealth Inc. boosted its position in shares of AT&T by 335.5% during the 3rd quarter. BOK Financial Private Wealth Inc. now owns 16,417 shares of the technology company’s stock valued at $621,000 after acquiring an additional 12,647 shares during the last quarter. Finally, Reuter James Wealth Management LLC boosted its position in shares of AT&T by 1.6% during the 3rd quarter. Reuter James Wealth Management LLC now owns 449,663 shares of the technology company’s stock valued at $6,898,000 after acquiring an additional 7,089 shares during the last quarter. Institutional investors and hedge funds own 51.86% of the company’s stock.

Analysts Set New Price Targets

T has been the topic of several recent research reports. Raymond James raised shares of AT&T from an “outperform” rating to a “strong-buy” rating and lowered their price target for the company from $26.00 to $24.00 in a research report on Monday, October 24th. Credit Suisse Group decreased their target price on shares of AT&T from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, October 17th. Morgan Stanley cut shares of AT&T from an “overweight” rating to an “equal weight” rating and set a $20.00 target price on the stock. in a research report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AT&T from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, October 21st. Finally, Wells Fargo & Company raised shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $17.00 to $22.00 in a research report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.67.

AT&T Stock Performance

Shares of T stock opened at $19.16 on Wednesday. AT&T Inc. has a 12 month low of $14.46 and a 12 month high of $22.84. The company has a current ratio of 0.62, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. The company has a market cap of $136.55 billion, a P/E ratio of 7.10, a PEG ratio of 2.23 and a beta of 0.61. The firm has a fifty day moving average price of $18.92 and a 200 day moving average price of $18.08.

AT&T (NYSE:TGet Rating) last released its quarterly earnings data on Wednesday, January 25th. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AT&T had a return on equity of 13.24% and a net margin of 14.44%. The business had revenue of $31.30 billion during the quarter, compared to analysts’ expectations of $31.50 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business’s quarterly revenue was down 23.6% compared to the same quarter last year. Sell-side analysts predict that AT&T Inc. will post 2.64 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Tuesday, January 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Monday, January 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.79%. AT&T’s dividend payout ratio is presently 41.11%.

AT&T Profile

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AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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