Brady Martz Wealth Solutions LLC Makes New $276,000 Investment in AT&T Inc. (NYSE:T)

Brady Martz Wealth Solutions LLC bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,673 shares of the technology company's stock, valued at approximately $276,000.

Other institutional investors have also recently made changes to their positions in the company. Davidson Kempner Capital Management LP purchased a new position in shares of AT&T during the second quarter worth approximately $23,888,000. International Assets Investment Management LLC purchased a new position in AT&T in the 4th quarter worth $14,700,000. Swiss National Bank lifted its stake in AT&T by 0.5% in the third quarter. Swiss National Bank now owns 21,282,584 shares of the technology company's stock worth $468,217,000 after purchasing an additional 104,700 shares during the last quarter. Franklin Resources Inc. lifted its stake in AT&T by 41.4% in the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock worth $168,969,000 after purchasing an additional 2,326,904 shares during the last quarter. Finally, Caprock Group LLC boosted its position in AT&T by 18.3% during the third quarter. Caprock Group LLC now owns 195,991 shares of the technology company's stock valued at $4,312,000 after buying an additional 30,281 shares during the period. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on T. Tigress Financial lifted their price objective on AT&T from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Wells Fargo & Company lowered their price objective on AT&T from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, October 24th. UBS Group raised their target price on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Evercore ISI upped their price target on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $25.83.

AT&T Stock Up 1.2 %

Shares of NYSE:T traded up $0.28 during midday trading on Friday, reaching $22.30. The company's stock had a trading volume of 33,632,584 shares, compared to its average volume of 28,784,102. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $22.79 and a 200-day moving average of $21.33. The firm has a market capitalization of $159.97 billion, a P/E ratio of 18.13, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The business had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. During the same quarter last year, the firm earned $0.64 earnings per share. The business's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts anticipate that AT&T Inc. will post 2.2 earnings per share for the current year.

AT&T Dividend Announcement

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 paid a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.98%. AT&T's dividend payout ratio is currently 90.24%.

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.