Whitaker Myers Wealth Managers LTD. Purchases New Holdings in AT&T Inc. (NYSE:T)

Whitaker Myers Wealth Managers LTD. acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,567 shares of the technology company's stock, valued at approximately $332,000.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in AT&T during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of 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 valued at $29,000 after purchasing an additional 841 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $35,000. Reston Wealth Management LLC acquired a new position in shares of AT&T in the 3rd quarter valued at $35,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of AT&T in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T stock traded up $0.28 during midday trading on Friday, reaching $22.30. 33,632,584 shares of the company were exchanged, compared to its average volume of 28,784,102. The business has a 50-day moving average price of $22.79 and a two-hundred day moving average price of $21.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The firm has a market capitalization of $159.97 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.46 and a beta of 0.59. AT&T Inc. has a one year low of $15.94 and a one year high of $24.03.

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

AT&T Announces Dividend

The firm 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 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 4.98%. AT&T's payout ratio is presently 90.24%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on T shares. Tigress Financial increased their price target on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer began coverage on AT&T in a research note on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price objective on the stock. The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $25.83.

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.