Consilio Wealth Advisors LLC Acquires New Shares in AT&T Inc. (NYSE:T)

Consilio Wealth Advisors LLC bought a new position in AT&T Inc. (NYSE:T) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,557 shares of the technology company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Consolidated Planning Corp boosted its holdings in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock worth $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Keystone Financial Group increased its position in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock worth $5,322,000 after buying an additional 143,744 shares during the last quarter. World Investment Advisors increased its position in AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after buying an additional 63,359 shares during the last quarter. DigitalBridge Group Inc. increased its position in AT&T by 14.6% during the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock worth $65,255,000 after buying an additional 365,776 shares during the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in AT&T during the fourth quarter worth $691,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.4%

Shares of T opened at $27.76 on Friday. The stock has a market cap of $199.72 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03. The company has a 50-day moving average price of $27.33 and a two-hundred day moving average price of $25.41.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research report on Thursday, April 24th. Royal Bank of Canada increased their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and a consensus target price of $28.71.

AT&T Company 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.