International Private Wealth Advisors LLC Purchases 2,640 Shares of AT&T Inc. (NYSE:T)

International Private Wealth Advisors LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 12.8% during the 4th quarter, HoldingsChannel reports. The firm owned 23,218 shares of the technology company’s stock after acquiring an additional 2,640 shares during the period. International Private Wealth Advisors LLC’s holdings in AT&T were worth $529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in shares of AT&T by 305.1% in the 3rd quarter. AMF Tjanstepension AB now owns 1,541,724 shares of the technology company’s stock worth $33,918,000 after buying an additional 1,161,152 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in AT&T by 33.7% in the third quarter. Ritholtz Wealth Management now owns 85,944 shares of the technology company’s stock worth $1,891,000 after acquiring an additional 21,652 shares in the last quarter. Mechanics Bank Trust Department purchased a new stake in shares of AT&T in the third quarter worth $210,000. Annex Advisory Services LLC increased its holdings in shares of AT&T by 10.7% during the third quarter. Annex Advisory Services LLC now owns 16,053 shares of the technology company’s stock valued at $353,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of AT&T by 21.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 30,358 shares of the technology company’s stock worth $668,000 after purchasing an additional 5,320 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on T shares. Citigroup increased their price objective 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. DZ Bank 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 Wednesday, January 29th. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Tigress Financial lifted their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI increased their price objective on shares of AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Price Performance

T stock opened at $24.86 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market capitalization of $178.38 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The company’s fifty day moving average price is $23.04 and its 200-day moving average price is $21.86. AT&T Inc. has a one year low of $15.94 and a one year high of $24.98.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping 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, equities analysts anticipate that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.47%. AT&T’s dividend payout ratio (DPR) is currently 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.