9,254 Shares in AT&T Inc. (NYSE:T) Acquired by Crewe Advisors LLC

Crewe Advisors LLC bought a new position in shares of AT&T Inc. (NYSE:T) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,254 shares of the technology company’s stock, valued at approximately $163,000.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of AT&T in the 4th quarter valued at $1,118,288,000. Thornburg Investment Management Inc. purchased a new position in shares of AT&T in the 4th quarter valued at $316,472,000. Kodai Capital Management LP purchased a new position in shares of AT&T in the 4th quarter valued at $152,109,000. Point72 Asset Management L.P. raised its stake in shares of AT&T by 120.8% in the 4th quarter. Point72 Asset Management L.P. now owns 9,086,854 shares of the technology company’s stock valued at $152,477,000 after acquiring an additional 4,970,954 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of AT&T by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 75,484,518 shares of the technology company’s stock valued at $1,328,528,000 after acquiring an additional 4,014,873 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T traded up $0.04 during midday trading on Thursday, reaching $19.20. The company’s stock had a trading volume of 54,035,128 shares, compared to its average volume of 36,868,605. The company has a 50 day moving average price of $18.29 and a 200 day moving average price of $17.45. AT&T Inc. has a one year low of $13.89 and a one year high of $19.74. The company has a market cap of $137.67 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 3.44 and a beta of 0.58. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $29.80 billion for the quarter, compared to the consensus estimate of $30.05 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post 2.23 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s dividend payout ratio is 59.68%.

Analyst Ratings Changes

Several research firms recently issued reports on T. UBS Group reaffirmed a “buy” rating and set a $24.00 price target on shares of AT&T in a research note on Tuesday, June 18th. TD Cowen lifted their price target on shares of AT&T from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays lifted their price target on shares of AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Finally, The Goldman Sachs Group began coverage on shares of AT&T in a report on Monday, July 1st. They set a “buy” rating and a $22.00 price objective for the company. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.33.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.