Avantra Family Wealth Inc. Makes New Investment in AT&T Inc. (NYSE:T)

Avantra Family Wealth Inc. acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,632 shares of the technology company's stock, valued at approximately $356,000.

Several other institutional investors and hedge funds have also modified their holdings of T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter worth about $34,000. Reston Wealth Management LLC acquired a new position in AT&T in the 3rd quarter worth about $35,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Down 1.2 %

NYSE:T traded down $0.28 on Friday, hitting $23.74. The stock had a trading volume of 40,341,358 shares, compared to its average volume of 35,177,680. The business's fifty day moving average is $22.92 and its 200 day moving average is $21.64. The company has a market cap of $170.34 billion, a PE ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.98.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities research analysts expect that AT&T Inc. will post 2.12 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.2775 dividend. 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 4.68%. AT&T's dividend payout ratio is presently 74.50%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup upped their target price on AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $19.00 to $28.00 in a report on Monday, December 16th. Wells Fargo & Company lowered their target price on AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Thursday, October 24th. Evercore ISI increased their price target on AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a research note on Thursday, October 24th. Finally, Barclays increased their price target on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.11.

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.