One Wealth Advisors LLC Acquires 1,197 Shares of AT&T Inc. (NYSE:T)

One Wealth Advisors LLC increased its holdings in AT&T Inc. (NYSE:T) by 7.5% in the 4th quarter, Holdings Channel reports. The fund owned 17,061 shares of the technology company’s stock after buying an additional 1,197 shares during the quarter. One Wealth Advisors LLC’s holdings in AT&T were worth $388,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Resonant Capital Advisors LLC grew its position in AT&T by 19.5% during the 4th quarter. Resonant Capital Advisors LLC now owns 22,907 shares of the technology company’s stock valued at $522,000 after purchasing an additional 3,741 shares during the last quarter. Catalina Capital Group LLC grew its position in AT&T by 23.8% during the 4th quarter. Catalina Capital Group LLC now owns 29,081 shares of the technology company’s stock valued at $662,000 after purchasing an additional 5,593 shares during the last quarter. Chicago Capital LLC grew its position in AT&T by 5.8% during the 4th quarter. Chicago Capital LLC now owns 36,204 shares of the technology company’s stock valued at $824,000 after purchasing an additional 1,972 shares during the last quarter. FSM Wealth Advisors LLC grew its position in AT&T by 11.3% during the 4th quarter. FSM Wealth Advisors LLC now owns 12,542 shares of the technology company’s stock valued at $276,000 after purchasing an additional 1,273 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its position in AT&T by 21.2% during the 4th quarter. HHM Wealth Advisors LLC now owns 12,351 shares of the technology company’s stock valued at $281,000 after purchasing an additional 2,157 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on T. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a report on Tuesday, December 3rd. Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Royal Bank of Canada raised their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Morgan Stanley raised shares of AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $26.11.

AT&T Price Performance

NYSE T opened at $24.26 on Tuesday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.98. The stock has a market cap of $174.04 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.71 and a beta of 0.59. The company’s 50 day moving average is $22.92 and its two-hundred day moving average is $21.66. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that AT&T Inc. will post 2.15 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is currently 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.