Northwest Financial Advisors Makes New $50,000 Investment in AT&T Inc. (NYSE:T)

Northwest Financial Advisors purchased a new stake in AT&T Inc. (NYSE:T) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,003 shares of the technology company’s stock, valued at approximately $50,000.

A number of other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in shares of AT&T by 185.6% during the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares in the last quarter. FMR LLC grew its holdings in AT&T by 130.5% during the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of AT&T by 38.0% during the third quarter. California Public Employees Retirement System now owns 34,558,594 shares of the technology company’s stock worth $519,070,000 after purchasing an additional 9,518,478 shares during the period. Barclays PLC lifted its holdings in shares of AT&T by 30.6% during the third quarter. Barclays PLC now owns 26,227,124 shares of the technology company’s stock worth $393,931,000 after purchasing an additional 6,137,909 shares during the period. Finally, AQR Capital Management LLC increased its holdings in AT&T by 43.0% in the third quarter. AQR Capital Management LLC now owns 14,739,648 shares of the technology company’s stock valued at $221,242,000 after purchasing an additional 4,432,136 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

AT&T stock traded down $0.01 during trading on Friday, hitting $17.17. The stock had a trading volume of 19,229,583 shares, compared to its average volume of 38,639,556. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $16.99 and its two-hundred day moving average is $16.72. AT&T Inc. has a 1 year low of $13.43 and a 1 year high of $18.16. The stock has a market cap of $123.11 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 3.38 and a beta of 0.57.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.46%. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent analyst reports. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Friday, January 19th. Wolfe Research upgraded AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, March 5th. 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. Scotiabank upped their target price on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research report on Thursday, April 25th. Finally, Citigroup lifted their target price on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.81.

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.