Marcum Wealth LLC Boosts Position in AT&T Inc. (NYSE:T)

Marcum Wealth LLC grew its position in AT&T Inc. (NYSE:T) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,954 shares of the technology company’s stock after purchasing an additional 1,809 shares during the period. Marcum Wealth LLC’s holdings in AT&T were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in T. Traveka Wealth LLC increased its holdings in AT&T by 7.7% during the 4th quarter. Traveka Wealth LLC now owns 10,610 shares of the technology company’s stock valued at $242,000 after acquiring an additional 754 shares in the last quarter. FNY Investment Advisers LLC grew its position in shares of AT&T by 4,346.7% in the fourth quarter. FNY Investment Advisers LLC now owns 13,340 shares of the technology company’s stock valued at $303,000 after purchasing an additional 13,040 shares during the last quarter. Pallas Capital Advisors LLC increased its stake in shares of AT&T by 8.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 60,994 shares of the technology company’s stock worth $1,389,000 after purchasing an additional 4,784 shares in the last quarter. Horizon Wealth Management LLC raised its position in shares of AT&T by 3.9% during the 4th quarter. Horizon Wealth Management LLC now owns 39,741 shares of the technology company’s stock worth $905,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Sunflower Bank N.A. lifted its stake in AT&T by 8.9% in the 4th quarter. Sunflower Bank N.A. now owns 19,449 shares of the technology company’s stock valued at $443,000 after buying an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T stock opened at $21.56 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company has a market cap of $154.70 billion, a PE ratio of 17.53, a P/E/G ratio of 3.60 and a beta of 0.59. The company’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $21.26. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $30.20 billion during the quarter, compared to the consensus estimate of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. As a group, equities research analysts anticipate that AT&T Inc. will post 2.19 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, January 10th. AT&T’s dividend payout ratio is presently 90.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on T shares. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $19.00 to $28.00 in a research report on Monday, December 16th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $22.00 to $26.00 in a research note on Monday, January 6th. UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Hsbc Global Res raised shares of AT&T to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group raised their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.76.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.