KFA Private Wealth Group LLC Has $398,000 Stake in AT&T Inc. (NYSE:T)

KFA Private Wealth Group LLC lifted its position in AT&T Inc. (NYSE:T) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,462 shares of the technology company’s stock after acquiring an additional 1,030 shares during the period. KFA Private Wealth Group LLC’s holdings in AT&T were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in AT&T in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in AT&T by 169.2% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after acquiring an additional 841 shares during the period. Endeavor Private Wealth Inc. bought a new stake in AT&T in the fourth quarter valued at $34,000. Reston Wealth Management LLC bought a new stake in AT&T in the third quarter valued at $35,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in AT&T in the third quarter valued at $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on T shares. Evercore ISI increased their target price on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a report on Thursday, October 24th. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut their target price on AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Hsbc Global Res raised AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, UBS Group raised their price target on AT&T from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.89.

AT&T Stock Performance

Shares of NYSE T opened at $24.12 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $24.37. The stock has a 50 day moving average of $22.80 and a 200-day moving average of $21.48. The company has a market capitalization of $173.05 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. As a group, equities research analysts predict that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.60%. AT&T’s dividend payout ratio is currently 90.24%.

AT&T Company 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.