SVB Wealth LLC Buys Shares of 143,741 AT&T Inc. (NYSE:T)

SVB Wealth LLC bought a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 143,741 shares of the technology company’s stock, valued at approximately $3,273,000.

Several other institutional investors also recently bought and sold shares of T. Reston Wealth Management LLC acquired a new position in AT&T in the 3rd quarter valued at about $35,000. Principal Securities Inc. grew its position in shares of AT&T by 7.5% during the third quarter. Principal Securities Inc. now owns 118,379 shares of the technology company’s stock worth $2,604,000 after buying an additional 8,280 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of AT&T by 48.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 71,092 shares of the technology company’s stock worth $1,564,000 after buying an additional 23,052 shares in the last quarter. Americana Partners LLC grew its position in shares of AT&T by 2.1% during the third quarter. Americana Partners LLC now owns 114,286 shares of the technology company’s stock worth $2,514,000 after buying an additional 2,298 shares in the last quarter. Finally, Eads & Heald Wealth Management acquired a new position in shares of AT&T during the third quarter worth about $238,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

Shares of NYSE T opened at $27.45 on Friday. 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 Inc. has a twelve month low of $15.94 and a twelve month high of $27.49. The stock has a 50 day moving average of $23.91 and a two-hundred day moving average of $22.56. The stock has a market cap of $197.01 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.59.

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, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 74.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on T shares. Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Scotiabank boosted their price objective on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 28th. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Finally, UBS Group boosted their target price on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.33.

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.