Shira Ridge Wealth Management Purchases Shares of 10,467 AT&T Inc. (NYSE:T)

Shira Ridge Wealth Management bought a new position in AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,467 shares of the technology company’s stock, valued at approximately $238,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in AT&T by 5,378.3% during the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock valued at $72,000 after purchasing an additional 3,711 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in AT&T by 32.9% in the second quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after acquiring an additional 4,824 shares during the period. Retirement Planning Co of New England Inc. increased its position in AT&T by 12.1% in the second quarter. Retirement Planning Co of New England Inc. now owns 12,039 shares of the technology company’s stock worth $230,000 after buying an additional 1,297 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of AT&T by 217.9% during the second quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock valued at $1,361,000 after acquiring an additional 48,831 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in AT&T by 32.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock worth $2,173,000 after purchasing an additional 27,970 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Down 0.6 %

T opened at $21.56 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average price of $22.81 and a two-hundred day moving average price of $21.26. The company has a market cap of $154.70 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. During the same period in the previous year, the company posted $0.64 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts predict that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.15%. AT&T’s dividend payout ratio (DPR) is 90.24%.

Analyst Ratings Changes

Several analysts have issued reports on T shares. Sanford C. Bernstein started coverage on AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $22.00 to $26.00 in a research report on Monday, January 6th. Barclays upped their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.76.

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.