Daymark Wealth Partners LLC Has $633,000 Holdings in AT&T Inc. (NYSE:T)

Daymark Wealth Partners LLC grew its holdings in shares of AT&T Inc. (NYSE:T) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,784 shares of the technology company’s stock after buying an additional 1,212 shares during the period. Daymark Wealth Partners LLC’s holdings in AT&T were worth $633,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Luts & Greenleigh Group Inc. boosted its holdings in AT&T by 2.8% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 16,905 shares of the technology company’s stock worth $385,000 after acquiring an additional 460 shares in the last quarter. Viking Fund Management LLC raised its position in shares of AT&T by 297.6% during the fourth quarter. Viking Fund Management LLC now owns 334,000 shares of the technology company’s stock worth $7,605,000 after purchasing an additional 250,000 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of AT&T by 5.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 16,320 shares of the technology company’s stock worth $373,000 after purchasing an additional 867 shares in the last quarter. Bourne Lent Asset Management Inc. grew its position in AT&T by 1.3% in the 4th quarter. Bourne Lent Asset Management Inc. now owns 38,169 shares of the technology company’s stock valued at $869,000 after purchasing an additional 499 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in AT&T by 20.4% during the 4th quarter. Simon Quick Advisors LLC now owns 52,520 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 8,898 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on T shares. New Street Research raised shares of AT&T from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 3rd. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, January 16th. Barclays boosted their price objective on AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI lifted their target price on AT&T from $19.00 to $21.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average price target of $25.83.

AT&T Stock Performance

NYSE:T opened at $22.51 on Friday. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The business has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $21.40. The company has a market capitalization of $161.54 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.53 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.64 EPS. On average, analysts expect that AT&T Inc. will post 2.21 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

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.