Net Worth Advisory Group Invests $208,000 in AT&T Inc. (NYSE:T)

Net Worth Advisory Group purchased a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,155 shares of the technology company’s stock, valued at approximately $208,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. increased its stake in shares of AT&T by 62.0% during the third quarter. Assetmark Inc. now owns 194,924 shares of the technology company’s stock worth $4,288,000 after acquiring an additional 74,607 shares during the period. Baker Avenue Asset Management LP purchased a new stake in AT&T in the 3rd quarter valued at approximately $261,000. Ashton Thomas Securities LLC acquired a new position in AT&T during the 3rd quarter worth approximately $812,000. Patten & Patten Inc. TN raised its stake in shares of AT&T by 9.2% during the 3rd quarter. Patten & Patten Inc. TN now owns 17,820 shares of the technology company’s stock worth $392,000 after buying an additional 1,505 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of AT&T by 35.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 15,038 shares of the technology company’s stock valued at $331,000 after buying an additional 3,948 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Down 4.6 %

Shares of T stock opened at $26.02 on Wednesday. The company has a market capitalization of $186.74 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 3.00 and a beta of 0.56. 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 50-day moving average price of $24.46 and a 200 day moving average price of $22.94. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.97.

AT&T (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share (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%. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were paid a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.27%. AT&T’s payout ratio is currently 74.50%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Morgan Stanley upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. Sanford C. Bernstein raised their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research report on Thursday, February 13th. Finally, Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average price target of $26.74.

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.