According to the most recent Form 13F filed with the SEC, ) increased by 6.0% in the fourth quarter. The fund now owns 10,806 shares after adding 616 more during the reporting period. Financial Network Wealth Management LLC held AT&T stock worth $199,000 as of the latest reporting period.
Other large investors also changed their holdings in the company. Arcus Capital Partners LLC purchased a new stake of AT&T shares in the fourth quarter valued at about $26,000. Red Tortoise LLC purchased a new AT&T position during the fourth quarter, valued at approximately $30,000. Koesten Hirschmann & Crabtree INC. purchased a new AT&T position during the fourth-quarter valued at about $32,000. Iron Horse Wealth Management LLC increased its holdings in AT&T shares by 75.6% during the fourth quarter. Iron Horse Wealth Management LLC owns now 1,881 shares worth $35,000 of the stock of the technology firm after purchasing 810 additional shares in the previous quarter. Eisler Capital UK Limited acquired shares of AT&T valued at $36,000 in the third-quarter. During Friday's trading hours, the stock fell $0.23 to $16.32. The company's shares were traded at a volume of 32,825,519, as opposed to the average of 33,795,641. The company's current ratio is 0.51 and its quick ratio is 0.47. Its debt-to equity ratio is 1.14. The company's fifty-day moving is $18.30, and its 200-day moving is $18.76. AT&T Inc.'s 52-week low is $14.46, and its 52-week highest is $21.53.
The company last released its results on April 20th. The technology company posted $0.60 in earnings per share, exceeding the consensus estimate of $ 0.58 by $0.02. AT&T reported a return on equity of 15,47%, and a net margin of 7,52 %. Revenue for the quarter was $30.14 billion, which is higher than analyst expectations of $30.22. The company reported $0.77 earnings per share during the same time period last year. Revenues for the quarter were up 1.4% year-over-year. Analysts expect AT&T Inc. to post 2.41 earnings-per-share for the current fiscal year.
AT&T Dividend Announcement
A quarterly dividend was also declared by the company and paid out on May 1, 2018. Investors who had their records on the 10th of April were paid a dividend of $0.2775. The ex-dividend day was April 6, 2019. This is a dividend of $1.11 per year and yields 6.80%. AT&T has a dividend payout rate of -87.40%.
Analyst Upgrades and downgrades
Recent reports from several analysts have been released on T shares. JPMorgan Chase & Co. decreased their price target for shares of AT&T by $2.00 from $22.00 in a report published on Friday, April 21, and assigned the company an 'overweight rating'. Credit Suisse Group raised their AT&T target price from $18.00 up to $19.00 in a report published on Thursday, January 26, and gave the company a rating of 'neutral.' In a research report published on Thursday, AT&T was covered. The stock was given a "hold" rating. In a research report published on Thursday, 26th January, Cowen raised their price target for AT&T to $25.00 from $24.00. Eight analysts have given the stock a hold, seven have given a buy, and one analyst has assigned the firm a strong-buy rating. According to MarketBeat the stock average rating is 'Hold' with an average price of $21.89.
AT&T, Inc. is a holding firm that provides telecommunications, media, and technology services. It is divided into two segments: Communications and Latin America. The Communications segment provides services to consumers and businesses in the U.S. or U.S. territory, as well as businesses worldwide.
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