11,533 Shares in AT&T Inc. (NYSE:T) Purchased by Guardian Wealth Advisors LLC NC

Guardian Wealth Advisors LLC NC purchased a new position in shares of AT&T Inc. (NYSE:TGet Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,533 shares of the technology company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Norges Bank bought a new stake in shares of AT&T during the fourth quarter worth approximately $1,740,054,000. Renaissance Technologies LLC boosted its holdings in shares of AT&T by 3,382.1% during the fourth quarter. Renaissance Technologies LLC now owns 18,733,486 shares of the technology company’s stock worth $460,844,000 after acquiring an additional 18,195,486 shares during the period. Vanguard Group Inc. boosted its holdings in shares of AT&T by 2.3% during the first quarter. Vanguard Group Inc. now owns 585,666,367 shares of the technology company’s stock worth $13,839,297,000 after acquiring an additional 13,066,523 shares during the period. State Street Corp boosted its holdings in shares of AT&T by 3.8% during the fourth quarter. State Street Corp now owns 317,213,113 shares of the technology company’s stock worth $7,803,443,000 after acquiring an additional 11,494,986 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of AT&T by 71.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,743,313 shares of the technology company’s stock worth $561,054,000 after acquiring an additional 9,921,029 shares during the period. Institutional investors own 52.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on T shares. Deutsche Bank Aktiengesellschaft reduced their price objective on AT&T from $24.00 to $22.00 in a report on Friday, July 22nd. Truist Financial dropped their price target on shares of AT&T to $21.00 in a research report on Friday, July 22nd. Wells Fargo & Company dropped their price target on shares of AT&T to $22.00 in a research report on Friday, July 22nd. Raymond James reiterated an “outperform” rating and issued a $26.00 price target on shares of AT&T in a research report on Thursday, July 7th. Finally, Moffett Nathanson dropped their price target on shares of AT&T from $19.00 to $17.00 and set a “market perform” rating for the company in a research report on Thursday, August 18th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.78.

AT&T Stock Up 2.1 %

Shares of T opened at $17.38 on Tuesday. The firm has a 50 day simple moving average of $18.74 and a two-hundred day simple moving average of $20.43. The company has a market cap of $123.85 billion, a P/E ratio of 6.39, a P/E/G ratio of 1.83 and a beta of 0.48. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.70 and a quick ratio of 0.64. AT&T Inc. has a one year low of $16.62 and a one year high of $21.53.

AT&T (NYSE:TGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $29.64 billion for the quarter, compared to analyst estimates of $29.48 billion. AT&T had a return on equity of 13.11% and a net margin of 13.41%. AT&T’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS. Research analysts forecast that AT&T Inc. will post 2.53 EPS for the current fiscal year.

AT&T Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Stockholders of record on Monday, July 11th were paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Friday, July 8th. AT&T’s payout ratio is 40.81%.

AT&T Profile

(Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Read More

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TGet Rating).

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.