Traveka Wealth LLC Grows Position in AT&T Inc. (NYSE:T)

Traveka Wealth LLC boosted its position in shares of AT&T Inc. (NYSE:T) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,610 shares of the technology company’s stock after buying an additional 754 shares during the period. Traveka Wealth LLC’s holdings in AT&T were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in shares of AT&T by 5,378.3% during the second quarter. Quest Partners LLC now owns 3,780 shares of the technology company’s stock worth $72,000 after buying an additional 3,711 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of AT&T by 32.9% in the second quarter. Thoroughbred Financial Services LLC now owns 19,491 shares of the technology company’s stock valued at $372,000 after purchasing an additional 4,824 shares during the period. Retirement Planning Co of New England Inc. raised its stake in shares of AT&T by 12.1% during the second quarter. Retirement Planning Co of New England Inc. now owns 12,039 shares of the technology company’s stock worth $230,000 after purchasing an additional 1,297 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of AT&T by 217.9% during the second quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock worth $1,361,000 after purchasing an additional 48,831 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in AT&T by 32.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 113,685 shares of the technology company’s stock valued at $2,173,000 after buying an additional 27,970 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $26.00 in a report on Monday, January 6th. Tigress Financial raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein began coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Evercore ISI raised their price target on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.76.

AT&T Stock Down 0.6 %

Shares of NYSE T opened at $21.56 on Tuesday. The firm’s 50-day moving average is $22.81 and its two-hundred day moving average is $21.26. The company has a market capitalization of $154.70 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 3.60 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $30.20 billion for the quarter, compared to analyst estimates of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. AT&T’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Equities analysts anticipate that AT&T Inc. will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

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.