Tyche Wealth Partners LLC Purchases Shares of 61,315 AT&T Inc. (NYSE:T)

Tyche Wealth Partners LLC purchased a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 61,315 shares of the technology company’s stock, valued at approximately $1,029,000.

Several other large investors have also recently bought and sold shares of T. State Street Corp grew its position in shares of AT&T by 0.5% during the 1st quarter. State Street Corp now owns 287,304,512 shares of the technology company’s stock worth $5,530,602,000 after purchasing an additional 1,567,008 shares in the last quarter. Newport Trust Company LLC grew its position in shares of AT&T by 0.3% during the 3rd quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after purchasing an additional 673,043 shares in the last quarter. Morgan Stanley grew its position in shares of AT&T by 37.3% during the 4th quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after purchasing an additional 29,769,976 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of AT&T by 85,003.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after purchasing an additional 76,746,649 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of AT&T by 2.5% during the 3rd quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after acquiring an additional 1,828,237 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Price Performance

AT&T stock traded down $0.15 during mid-day trading on Tuesday, reaching $16.09. The company had a trading volume of 49,169,633 shares, compared to its average volume of 38,659,406. The business has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $16.48. The company has a market cap of $115.09 billion, a P/E ratio of 8.16, a P/E/G ratio of 2.46 and a beta of 0.57. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.92. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $32 billion for the quarter, compared to the consensus estimate of $31.44 billion. AT&T had a net margin of 11.76% and a return on equity of 15.39%. AT&T’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, equities research analysts predict that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Tuesday, April 9th. AT&T’s payout ratio is 56.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Tigress Financial increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Finally, Citigroup increased their price target on shares of AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.68.

AT&T Profile

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.