Venturi Wealth Management LLC Acquires 8,349 Shares of AT&T Inc. (NYSE:T)

Venturi Wealth Management LLC increased its position in AT&T Inc. (NYSE:T) by 55.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,387 shares of the technology company’s stock after purchasing an additional 8,349 shares during the quarter. Venturi Wealth Management LLC’s holdings in AT&T were worth $533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in shares of AT&T in the 3rd quarter valued at about $25,000. YANKCOM Partnership bought a new stake in shares of AT&T in the 4th quarter valued at about $30,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of AT&T by 169.2% in 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 period. Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at about $34,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in AT&T in the 3rd quarter valued at about $35,000. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on T. The Goldman Sachs Group upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price target on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their price target on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, January 29th. Finally, Citigroup upped their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Performance

NYSE T opened at $26.23 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $188.28 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.96 and a beta of 0.59. The firm’s 50 day simple moving average is $23.38 and its 200 day simple moving average is $22.20. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $26.35.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 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 expect that AT&T Inc. will post 2.15 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s payout ratio is 74.50%.

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.