Physician Wealth Advisors Inc. Takes $161,000 Position in AT&T Inc. (NYSE:T)

Physician Wealth Advisors Inc. bought a new position in AT&T Inc. (NYSE:T) during the fourth quarter, Holdings Channel reports. The fund bought 7,064 shares of the technology company’s stock, valued at approximately $161,000.

Several other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of AT&T in the third quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in AT&T during the 4th quarter valued at about $28,000. YANKCOM Partnership bought a new stake in AT&T during the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC increased its stake in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new position in shares of AT&T in the fourth quarter worth approximately $34,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

T has been the subject of several analyst reports. Citigroup raised their price target on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. New Street Research upgraded AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus raised AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Thursday, January 16th. Finally, Sanford C. Bernstein lifted their price objective on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

AT&T Trading Down 0.0 %

Shares of NYSE:T opened at $28.20 on Monday. The stock has a 50 day moving average of $25.70 and a 200 day moving average of $23.54. The company has a market cap of $202.40 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12-month low of $15.94 and a 12-month high of $28.51. 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 (NYSE:T) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T’s payout ratio is presently 74.50%.

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.