HHM Wealth Advisors LLC Boosts Stake in AT&T Inc. (NYSE:T)

HHM Wealth Advisors LLC raised its holdings in AT&T Inc. (NYSE:T) by 21.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,351 shares of the technology company’s stock after acquiring an additional 2,157 shares during the quarter. HHM Wealth Advisors LLC’s holdings in AT&T were worth $281,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE lifted its position in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in AT&T in the fourth quarter worth approximately $34,000. Reston Wealth Management LLC purchased a new position in shares of AT&T during the third quarter worth approximately $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of AT&T in the 3rd quarter worth approximately $35,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 1.2 %

T stock opened at $23.74 on Monday. The business has a 50 day moving average of $22.92 and a 200 day moving average of $21.64. The firm has a market cap of $170.34 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.71 and a beta of 0.59. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $24.98. 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 (NYSE:T) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, research analysts forecast that AT&T Inc. will post 2.15 EPS for the current fiscal year.

AT&T Announces Dividend

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 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on T shares. The Goldman Sachs Group lifted 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. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price objective on the stock. Evercore ISI raised their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. Citigroup upped their price target on AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays boosted their target price on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.

About AT&T

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.