Partners Wealth Management LLC Takes Position in AT&T Inc. (NYSE:T)

Partners Wealth Management LLC purchased a new stake in shares of AT&T Inc. (NYSE:T) during the 4th quarter, Holdings Channel.com reports. The fund purchased 82,224 shares of the technology company’s stock, valued at approximately $1,872,000. AT&T accounts for about 2.1% of Partners Wealth Management LLC’s portfolio, making the stock its 10th biggest position.

Several other hedge funds have also modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new stake in shares of AT&T during the fourth quarter valued at approximately $1,639,000. World Equity Group Inc. grew its stake in shares of AT&T by 11.3% during the fourth quarter. World Equity Group Inc. now owns 11,525 shares of the technology company’s stock valued at $262,000 after purchasing an additional 1,168 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of AT&T by 7.8% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,509,370 shares of the technology company’s stock valued at $34,369,000 after purchasing an additional 109,400 shares during the last quarter. Delta Financial Group Inc. grew its stake in shares of AT&T by 0.6% during the fourth quarter. Delta Financial Group Inc. now owns 103,667 shares of the technology company’s stock valued at $2,360,000 after purchasing an additional 645 shares during the last quarter. Finally, MONECO Advisors LLC grew its stake in shares of AT&T by 46.0% during the fourth quarter. MONECO Advisors LLC now owns 64,407 shares of the technology company’s stock valued at $1,467,000 after purchasing an additional 20,285 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Trading Up 1.9 %

Shares of NYSE:T opened at $26.64 on Monday. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $26.72. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The company’s fifty day simple moving average is $23.50 and its 200 day simple moving average is $22.32. The firm has a market cap of $191.19 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.00 and a beta of 0.59.

AT&T (NYSE:T) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.17%. AT&T’s payout ratio is 74.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on T shares. Argus raised shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Tigress Financial raised their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their price objective on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Citigroup raised their price objective on shares of AT&T from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.33.

About AT&T

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.