Lester Murray Antman dba SimplyRich Acquires 1,091 Shares of AT&T Inc. (NYSE:T)

Lester Murray Antman dba SimplyRich boosted its holdings in shares of AT&T Inc. (NYSE:T) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,414 shares of the technology company’s stock after purchasing an additional 1,091 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in AT&T were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in AT&T during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in AT&T by 169.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the period. YANKCOM Partnership bought a new position in AT&T during the fourth quarter valued at $30,000. Endeavor Private Wealth Inc. purchased a new stake in shares of AT&T in the fourth quarter valued at $34,000. Finally, Reston Wealth Management LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $35,000. Institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Oppenheimer began coverage on shares of AT&T in a report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price target on the stock. Argus upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, January 16th. Scotiabank raised their price target on AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 28th. Evercore ISI upped their price objective on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. Finally, Tigress Financial lifted their target price on AT&T from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

AT&T Price Performance

T opened at $25.16 on Wednesday. The firm has a market capitalization of $180.50 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business’s 50-day moving average is $23.09 and its two-hundred day moving average is $21.90. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $25.18.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were given a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.41%. AT&T’s payout ratio is 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.