TCI Wealth Advisors Inc. Buys 707 Shares of AT&T Inc. (NYSE:T)

TCI Wealth Advisors Inc. lifted its stake in shares of AT&T Inc. (NYSE:T) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,685 shares of the technology company’s stock after purchasing an additional 707 shares during the period. TCI Wealth Advisors Inc.’s holdings in AT&T were worth $867,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in T. Miracle Mile Advisors LLC boosted its stake in shares of AT&T by 46.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 38,075 shares of the technology company’s stock worth $572,000 after acquiring an additional 11,989 shares during the period. Concord Wealth Partners increased its holdings in shares of AT&T by 41.3% in the third quarter. Concord Wealth Partners now owns 17,955 shares of the technology company’s stock valued at $270,000 after purchasing an additional 5,246 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of AT&T by 21.0% in the third quarter. Lindbrook Capital LLC now owns 35,817 shares of the technology company’s stock valued at $538,000 after purchasing an additional 6,213 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $136,000. Finally, Jeppson Wealth Management LLC boosted its holdings in shares of AT&T by 33.4% during the 3rd quarter. Jeppson Wealth Management LLC now owns 181,408 shares of the technology company’s stock worth $2,725,000 after buying an additional 45,444 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Scotiabank increased their price objective on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research note on Thursday, April 11th. TheStreet upgraded shares of AT&T from a “c” rating to a “b-” rating in a research report on Wednesday, January 24th. Citigroup lifted their price target on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Tigress Financial increased their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Trading Up 0.2 %

NYSE T traded up $0.03 on Friday, reaching $16.85. The company had a trading volume of 24,023,192 shares, compared to its average volume of 41,324,028. The firm has a market cap of $120.52 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.16. The business has a 50 day moving average of $16.97 and a two-hundred day moving average of $16.67.

AT&T (NYSE:T) last announced its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Analysts forecast that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.59%. AT&T’s dividend payout ratio is currently 59.68%.

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.