Pure Financial Advisors Inc. Acquires 4,841 Shares of AT&T Inc. (NYSE:T)

Pure Financial Advisors Inc. lifted its holdings in shares of AT&T Inc. (NYSE:T) by 58.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,165 shares of the technology company’s stock after acquiring an additional 4,841 shares during the quarter. Pure Financial Advisors Inc.’s holdings in AT&T were worth $514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Financial Group Inc. raised its holdings in AT&T by 0.5% in the 4th quarter. Summit Financial Group Inc. now owns 53,336 shares of the technology company’s stock valued at $2,085,000 after acquiring an additional 291 shares in the last quarter. D.B. Root & Company LLC raised its holdings in AT&T by 0.9% in the 3rd quarter. D.B. Root & Company LLC now owns 34,925 shares of the technology company’s stock valued at $1,321,000 after acquiring an additional 303 shares in the last quarter. Donald L. Hagan LLC raised its holdings in AT&T by 1.5% in the 3rd quarter. Donald L. Hagan LLC now owns 20,988 shares of the technology company’s stock valued at $793,000 after acquiring an additional 304 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in AT&T by 1.0% in the 3rd quarter. YHB Investment Advisors Inc. now owns 30,689 shares of the technology company’s stock valued at $1,161,000 after acquiring an additional 310 shares in the last quarter. Finally, Bank Hapoalim BM raised its holdings in AT&T by 2.9% in the 3rd quarter. Bank Hapoalim BM now owns 10,910 shares of the technology company’s stock valued at $408,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 53.60% of the company’s stock.

Shares of AT&T stock traded down $0.61 during trading on Thursday, reaching $38.76. 21,711,757 shares of the company’s stock were exchanged, compared to its average volume of 23,255,740. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.74 and a current ratio of 0.74. AT&T Inc. has a 1-year low of $28.92 and a 1-year high of $39.70. The company has a market cap of $287.60 billion, a P/E ratio of 11.01, a PEG ratio of 2.46 and a beta of 0.62. The firm’s 50-day moving average price is $38.40 and its 200 day moving average price is $36.55.

AT&T (NYSE:T) last posted its quarterly earnings results on Monday, October 28th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The company had revenue of $44.59 billion during the quarter, compared to analysts’ expectations of $45.45 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. AT&T’s revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts predict that AT&T Inc. will post 3.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, January 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.37%. This is a boost from AT&T’s previous quarterly dividend of $0.51. AT&T’s payout ratio is 57.95%.

Several equities analysts have weighed in on the company. Tigress Financial reaffirmed a “buy” rating on shares of AT&T in a report on Friday, January 3rd. Moffett Nathanson cut AT&T from a “neutral” rating to a “sell” rating and set a $30.00 price objective for the company. in a report on Tuesday, November 19th. ValuEngine raised AT&T from a “strong sell” rating to a “sell” rating in a report on Monday, December 16th. UBS Group lifted their price objective on AT&T from $38.00 to $42.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Standpoint Research cut AT&T from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.22.

AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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