Everpar Advisors LLC Takes Position in AT&T Inc. (NYSE:T)

Everpar Advisors LLC bought a new position in AT&T Inc. (NYSE:T) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 17,114 shares of the technology company’s stock, valued at approximately $287,000.

A number of other institutional investors have also bought and sold shares of T. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in AT&T by 35.3% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares during the last quarter. JB Capital LLC boosted its stake in AT&T by 2.4% in the 4th quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares during the last quarter. Connecticut Wealth Management LLC boosted its stake in AT&T by 3.0% in the 4th quarter. Connecticut Wealth Management LLC now owns 21,601 shares of the technology company’s stock worth $362,000 after buying an additional 620 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in AT&T by 0.6% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 111,852 shares of the technology company’s stock worth $1,877,000 after buying an additional 630 shares during the last quarter. Finally, Schubert & Co boosted its stake in AT&T by 2.0% in the 3rd quarter. Schubert & Co now owns 32,333 shares of the technology company’s stock worth $486,000 after buying an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.2 %

Shares of T traded up $0.03 during trading on Wednesday, reaching $17.11. The company’s stock had a trading volume of 24,716,345 shares, compared to its average volume of 38,659,590. The company has a fifty day moving average of $16.98 and a two-hundred day moving average of $16.69. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $18.16. The company has a market cap of $122.68 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on T shares. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Oppenheimer upgraded AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a report on Friday, January 19th. TheStreet upgraded AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. upgraded AT&T from a “neutral” rating to an “overweight” rating and raised their target price for the company from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $20.81.

About AT&T

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.