Fairvoy Private Wealth LLC Makes New Investment in AT&T Inc. (NYSE:T)

Fairvoy Private Wealth LLC bought a new stake in shares of AT&T Inc. (NYSE:T) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,170 shares of the technology company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in AT&T during the third quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in shares of AT&T by 169.2% during 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 last quarter. YANKCOM Partnership bought a new position in shares of AT&T during the 4th quarter valued at approximately $30,000. Endeavor Private Wealth Inc. purchased a new stake in AT&T during the 4th quarter valued at $34,000. Finally, Reston Wealth Management LLC bought a new stake in AT&T in the third quarter worth $35,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of T stock opened at $24.56 on Friday. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.71 and a beta of 0.59. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company’s 50 day moving average is $23.01 and its 200 day moving average is $21.77.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, sell-side analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid 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 4.52%. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analysts Set New Price Targets

A number of research firms have weighed in on T. Scotiabank boosted their price objective on shares of AT&T from $24.00 to $26.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 28th. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, January 16th. Finally, Citigroup raised their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.21.

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.