Tennessee Valley Asset Management Partners Acquires New Stake in AT&T Inc. (NYSE:T)

Tennessee Valley Asset Management Partners bought a new position in shares of AT&T Inc. (NYSE:T) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,610 shares of the technology company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Essex LLC grew its position in shares of AT&T by 31.0% in the 4th quarter. Essex LLC now owns 86,334 shares of the technology company’s stock valued at $1,449,000 after buying an additional 20,447 shares during the last quarter. Adamsbrown Wealth Consultants LLC grew its position in shares of AT&T by 10.6% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 11,959 shares of the technology company’s stock valued at $201,000 after buying an additional 1,147 shares during the last quarter. Genesee Capital Advisors LLC grew its position in shares of AT&T by 13.2% in the 4th quarter. Genesee Capital Advisors LLC now owns 11,761 shares of the technology company’s stock valued at $197,000 after buying an additional 1,369 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of AT&T by 13.0% in the 4th quarter. Perigon Wealth Management LLC now owns 119,421 shares of the technology company’s stock valued at $2,004,000 after purchasing an additional 13,758 shares during the period. Finally, HTG Investment Advisors Inc. acquired a new position in shares of AT&T in the 4th quarter valued at about $168,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of AT&T stock opened at $16.31 on Tuesday. The company has a market cap of $116.63 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.49 and a beta of 0.57. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.16. The business has a 50 day moving average price of $16.99 and a 200-day moving average price of $16.53. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. Equities analysts anticipate that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.81%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is 56.63%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Friday, January 19th. Barclays boosted their price objective on AT&T from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Finally, StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.