N.E.W. Advisory Services LLC Has $707,000 Stock Position in AT&T Inc. (NYSE:T)

N.E.W. Advisory Services LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,112 shares of the technology company’s stock after purchasing an additional 10,025 shares during the period. N.E.W. Advisory Services LLC’s holdings in AT&T were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newport Trust Company LLC grew its position in AT&T by 0.3% in the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after purchasing an additional 673,043 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of AT&T by 2.5% in the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after buying an additional 1,828,237 shares in the last quarter. FMR LLC grew its position in shares of AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after purchasing an additional 32,558,342 shares in the last quarter. Ameriprise Financial Inc. increased its stake in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of AT&T by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 49,791,397 shares of the technology company’s stock worth $747,867,000 after purchasing an additional 327,425 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T traded up $0.14 during mid-day trading on Monday, reaching $16.99. 24,179,539 shares of the stock were exchanged, compared to its average volume of 38,930,922. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $121.82 billion, a PE ratio of 9.13, a PEG ratio of 3.32 and a beta of 0.57. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.16. The business has a fifty day moving average price of $16.98 and a 200 day moving average price of $16.68.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Research analysts expect that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 59.68%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of research analyst reports. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a report on Friday, January 19th. Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, March 5th. Tigress Financial increased their price objective 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. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Finally, Citigroup increased their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Company 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.