Beaird Harris Wealth Management LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Beaird Harris Wealth Management LLC raised its position in shares of AT&T Inc. (NYSE:TFree Report) by 65.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,632 shares of the technology company’s stock after buying an additional 13,257 shares during the period. Beaird Harris Wealth Management LLC’s holdings in AT&T were worth $564,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of T. Frank Rimerman Advisors LLC purchased a new position in shares of AT&T in the 4th quarter valued at approximately $25,000. Ramirez Asset Management Inc. purchased a new position in shares of AT&T in the 3rd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after purchasing an additional 606 shares during the last quarter. Western Pacific Wealth Management LP purchased a new position in shares of AT&T in the 4th quarter valued at approximately $39,000. Finally, Financial Gravity Asset Management Inc. raised its position in shares of AT&T by 3,202.4% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,626 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

T stock traded down $0.03 during midday trading on Friday, reaching $17.64. The stock had a trading volume of 22,652,283 shares, compared to its average volume of 30,374,524. The company’s fifty day simple moving average is $17.18 and its 200 day simple moving average is $17.06. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company has a market cap of $126.48 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. AT&T Inc. has a 52-week low of $13.43 and a 52-week high of $18.45.

AT&T (NYSE:TGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts predict that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.29%. AT&T’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Tuesday, March 5th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. Finally, Scotiabank raised their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.32.

Get Our Latest Research Report on AT&T

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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