Taylor Hoffman Wealth Management acquired a new position in AT&T (NYSE:T) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,861 shares of the technology company’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in T. Burt Wealth Advisors grew its stake in shares of AT&T by 28.5% during the 4th quarter. Burt Wealth Advisors now owns 6,306 shares of the technology company’s stock valued at $245,000 after purchasing an additional 1,400 shares during the period. Lederer & Associates Investment Counsel CA grew its stake in shares of AT&T by 2.9% during the 4th quarter. Lederer & Associates Investment Counsel CA now owns 49,989 shares of the technology company’s stock valued at $1,944,000 after purchasing an additional 1,425 shares during the period. First Business Financial Services Inc. grew its stake in shares of AT&T by 27.3% during the 4th quarter. First Business Financial Services Inc. now owns 6,726 shares of the technology company’s stock valued at $262,000 after purchasing an additional 1,444 shares during the period. Quadrant Capital Group LLC grew its stake in shares of AT&T by 7.5% during the 4th quarter. Quadrant Capital Group LLC now owns 21,064 shares of the technology company’s stock valued at $802,000 after purchasing an additional 1,468 shares during the period. Finally, Cahill Financial Advisors Inc. grew its stake in shares of AT&T by 13.2% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 12,599 shares of the technology company’s stock valued at $494,000 after purchasing an additional 1,472 shares during the period. Institutional investors own 56.12% of the company’s stock.

NYSE T opened at $31.93 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.11. AT&T has a 12 month low of $32.05 and a 12 month high of $32.23. The company has a market capitalization of $197.00 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.26 and a beta of 0.40.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.85 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.02). AT&T had a return on equity of 14.46% and a net margin of 19.25%. The business had revenue of $38.04 billion during the quarter, compared to analysts’ expectations of $39.36 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts forecast that AT&T will post 3.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were issued a $0.50 dividend. The ex-dividend date was Monday, April 9th. This represents a $2.00 dividend on an annualized basis and a yield of 6.26%. AT&T’s dividend payout ratio is presently 65.57%.

A number of research firms have issued reports on T. Deutsche Bank cut their price target on AT&T from $41.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, May 1st. Vetr downgraded AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 price target for the company. in a research note on Tuesday, February 13th. Bank of America boosted their price target on AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Guggenheim began coverage on AT&T in a research note on Tuesday, March 13th. They set a “buy” rating and a $42.00 price target for the company. Finally, Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of AT&T in a research report on Sunday, April 29th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.95.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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

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