BSW Wealth Partners Acquires 5,340 Shares of AT&T Inc. (NYSE:T)

BSW Wealth Partners grew its holdings in AT&T Inc. (NYSE:T) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,755 shares of the technology company’s stock after acquiring an additional 5,340 shares during the quarter. BSW Wealth Partners’ holdings in AT&T were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in AT&T in the second quarter worth about $44,000. Scientech Research LLC acquired a new position in shares of AT&T in the 2nd quarter worth approximately $219,000. Driehaus Capital Management LLC bought a new position in shares of AT&T during the 2nd quarter worth approximately $237,000. NewEdge Advisors LLC boosted its stake in AT&T by 7.2% in the 2nd quarter. NewEdge Advisors LLC now owns 473,303 shares of the technology company’s stock valued at $9,045,000 after buying an additional 31,661 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in AT&T by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 700,577 shares of the technology company’s stock valued at $13,388,000 after buying an additional 18,869 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Up 1.2 %

Shares of T stock opened at $24.43 on Wednesday. The company has a market capitalization of $175.26 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.50 and a beta of 0.59. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $24.58. The firm has a fifty day moving average of $22.83 and a 200-day moving average of $21.51. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS 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 7.42%. As a group, equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Analyst Ratings Changes

Several equities research analysts have recently commented on T shares. Evercore ISI boosted their target price on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research note on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Morgan Stanley raised 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, Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $26.06.

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.