RKL Wealth Management LLC Raises Holdings in AT&T Inc. (NYSE:T)

RKL Wealth Management LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 134.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,568 shares of the technology company's stock after purchasing an additional 19,220 shares during the quarter. RKL Wealth Management LLC's holdings in AT&T were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in T. Legacy Investment Solutions LLC bought a new stake in shares of AT&T during the 3rd quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the fourth quarter worth about $28,000. Tradewinds Capital Management LLC increased its holdings in AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the last quarter. YANKCOM Partnership bought a new stake in AT&T in the fourth quarter worth about $30,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock valued at $29,000 after acquiring an additional 841 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock traded up $0.42 during midday trading on Friday, hitting $27.15. 35,337,449 shares of the company's stock were exchanged, compared to its average volume of 40,747,570. The stock has a 50-day moving average price of $24.30 and a two-hundred day moving average price of $22.82. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.97. The company has a market cap of $194.85 billion, a P/E ratio of 18.22, a PEG ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

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AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio (DPR) is currently 74.50%.

Wall Street Analyst Weigh In

T has been the subject of several research analyst reports. Sanford C. Bernstein raised their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Tigress Financial upped their price target on AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Oppenheimer started coverage on AT&T in a report on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on AT&T from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.74.

AT&T Company 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.