Kelly Financial Group LLC Makes New Investment in AT&T Inc. (NYSE:T)

Kelly Financial Group LLC purchased a new stake in shares of AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,450 shares of the technology company’s stock, valued at approximately $261,000.

Several other large investors have also made changes to their positions in the company. NINE MASTS CAPITAL Ltd acquired a new stake in shares of AT&T in the 4th quarter valued at $2,033,000. Mission Wealth Management LP raised its holdings in AT&T by 12.8% during the fourth quarter. Mission Wealth Management LP now owns 47,859 shares of the technology company’s stock valued at $1,090,000 after buying an additional 5,423 shares in the last quarter. Grandfield & Dodd LLC acquired a new stake in shares of AT&T in the fourth quarter worth about $206,000. Fidelis Capital Partners LLC boosted its stake in shares of AT&T by 20.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 40,505 shares of the technology company’s stock worth $982,000 after acquiring an additional 6,782 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. increased its holdings in shares of AT&T by 46.1% during the 4th quarter. Quintet Private Bank Europe S.A. now owns 157,015 shares of the technology company’s stock valued at $3,575,000 after acquiring an additional 49,525 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 2.0 %

Shares of T stock opened at $27.45 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a fifty day moving average of $23.91 and a 200-day moving average of $22.58. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $27.49. The stock has a market cap of $197.01 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Tigress Financial boosted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Oppenheimer started coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective for the company. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

About AT&T

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.