U.S. Capital Wealth Advisors LLC Has $17.19 Million Position in AT&T Inc. (NYSE:T)

U.S. Capital Wealth Advisors LLC boosted its position in AT&T Inc. (NYSE:T - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 754,871 shares of the technology company's stock after acquiring an additional 34,833 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in AT&T were worth $17,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of AT&T during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company's stock worth $29,000 after acquiring an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter valued at about $34,000. Safe Harbor Fiduciary LLC bought a new stake in AT&T in the third quarter valued at about $35,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T in the third quarter valued at about $35,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on T. Scotiabank boosted their price objective on AT&T from $24.00 to $26.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price objective on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Citigroup boosted their price objective on AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. 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 report on Tuesday, January 28th. Finally, Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $26.11.

AT&T Stock Performance

Shares of NYSE T traded down $0.28 during midday trading on Friday, hitting $23.74. 40,341,358 shares of the company's stock were exchanged, compared to its average volume of 35,177,680. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.67. The stock's 50 day moving average price is $22.92 and its 200-day moving average price is $21.64. The firm has a market cap of $170.34 billion, a P/E ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Equities research analysts anticipate that AT&T Inc. will post 2.12 EPS for the current year.

AT&T Dividend Announcement

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 given a $0.2775 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.68%. AT&T's dividend payout ratio (DPR) is 74.50%.

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.