DiNuzzo Private Wealth Inc. Raises Stock Holdings in AT&T Inc. (NYSE:T)

DiNuzzo Private Wealth Inc. lifted its holdings in AT&T Inc. (NYSE:T) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,344 shares of the technology company’s stock after acquiring an additional 1,569 shares during the period. DiNuzzo Private Wealth Inc.’s holdings in AT&T were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AT&T in the second quarter worth $44,000. Scientech Research LLC bought a new position in shares of AT&T in the second quarter worth about $219,000. Driehaus Capital Management LLC purchased a new position in AT&T in the 2nd quarter worth about $237,000. NewEdge Advisors LLC lifted its holdings in AT&T by 7.2% during the 2nd quarter. NewEdge Advisors LLC now owns 473,303 shares of the technology company’s stock valued at $9,045,000 after buying an additional 31,661 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in AT&T by 2.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 700,577 shares of the technology company’s stock valued at $13,388,000 after buying an additional 18,869 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 1.2 %

T stock opened at $24.43 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $24.58. The company’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $21.51. The firm has a market cap of $175.26 billion, a P/E ratio of 19.86, a PEG ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 7.42% and a return on equity of 13.97%. As a group, equities analysts forecast that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s payout ratio is 90.24%.

Wall Street Analysts Forecast Growth

T has been the topic of a number of recent research reports. Sanford C. Bernstein increased their price target on AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of AT&T from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, October 24th. UBS Group boosted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Hsbc Global Res upgraded shares of AT&T to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.11.

AT&T 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.