Quent Capital LLC Raises Stock Holdings in AT&T Inc. (NYSE:T)

Quent Capital LLC grew its holdings in AT&T Inc. (NYSE:T) by 14.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,812 shares of the technology company’s stock after buying an additional 2,039 shares during the quarter. Quent Capital LLC’s holdings in AT&T were worth $360,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of AT&T in the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after purchasing an additional 841 shares during the last quarter. YANKCOM Partnership purchased a new position in AT&T in the 4th quarter valued at $30,000. Endeavor Private Wealth Inc. acquired a new stake in AT&T during the 4th quarter worth $34,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of AT&T during the third quarter worth $35,000. 57.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on T shares. Tigress Financial raised 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. The Goldman Sachs Group raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley raised 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. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price target on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.21.

AT&T Trading Up 1.2 %

NYSE T opened at $25.16 on Wednesday. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $25.18. The firm has a 50 day moving average of $23.09 and a two-hundred day moving average of $21.90. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock 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.

AT&T (NYSE:T) last issued 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 net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts expect that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend 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 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.