Arkadios Wealth Advisors Boosts Position in AT&T Inc. $T

Arkadios Wealth Advisors raised its stake in AT&T Inc. (NYSE:T) by 23.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,039 shares of the technology company’s stock after purchasing an additional 33,356 shares during the period. Arkadios Wealth Advisors’ holdings in AT&T were worth $5,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J. L. Bainbridge & Co. Inc. grew its position in shares of AT&T by 1.7% in the 2nd quarter. J. L. Bainbridge & Co. Inc. now owns 21,253 shares of the technology company’s stock valued at $615,000 after buying an additional 355 shares during the last quarter. Financial & Tax Architects LLC lifted its position in AT&T by 4.9% in the second quarter. Financial & Tax Architects LLC now owns 7,588 shares of the technology company’s stock valued at $220,000 after acquiring an additional 356 shares during the last quarter. Roberts Glore & Co. Inc. IL boosted its stake in AT&T by 2.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after acquiring an additional 357 shares in the last quarter. Investment Partners LTD. grew its holdings in shares of AT&T by 3.5% during the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after purchasing an additional 357 shares during the last quarter. Finally, Parcion Private Wealth LLC grew its holdings in shares of AT&T by 2.5% during the second quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after purchasing an additional 364 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on T shares. Arete Research set a $20.00 target price on AT&T in a report on Tuesday, January 6th. Arete lowered AT&T from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Tuesday, January 6th. The Goldman Sachs Group reduced their price objective on AT&T from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Royal Bank Of Canada decreased their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 23rd. Finally, KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $29.36.

AT&T Stock Down 0.2%

AT&T stock opened at $23.45 on Wednesday. The stock has a 50 day moving average of $24.74 and a two-hundred day moving average of $26.52. AT&T Inc. has a twelve month low of $22.02 and a twelve month high of $29.79. The stock has a market capitalization of $166.24 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.28 and a beta of 0.39. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion for the quarter, compared to analyst estimates of $30.85 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s payout ratio is currently 36.04%.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.