Kwmg LLC raised its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 3.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,219 shares of the technology company’s stock after purchasing an additional 9,656 shares during the period. Kwmg LLC’s holdings in AT&T were worth $4,509,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pineridge Advisors LLC acquired a new position in AT&T during the fourth quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter worth $25,000. Ramirez Asset Management Inc. acquired a new stake in shares of AT&T in the third quarter worth $30,000. Western Pacific Wealth Management LP acquired a new stake in shares of AT&T in the fourth quarter worth $39,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after acquiring an additional 606 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Trading Up 0.4 %
Shares of AT&T stock traded up $0.07 during trading on Wednesday, hitting $18.76. 17,918,891 shares of the company were exchanged, compared to its average volume of 36,723,105. The firm has a market capitalization of $134.51 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 4.25 and a beta of 0.60. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.78. The firm’s fifty day moving average price is $17.42 and its 200 day moving average price is $17.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.
AT&T Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 5.92%. AT&T’s payout ratio is currently 59.68%.
Analyst Upgrades and Downgrades
T has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. UBS Group reissued a “buy” rating and set a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. Finally, StockNews.com cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.54.
Check Out Our Latest Stock Report on T
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.
Read More
- Five stocks we like better than AT&T
- How is Compound Interest Calculated?
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- What is MarketRankā¢? How to Use it
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).
Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.