DORCHESTER WEALTH MANAGEMENT Co increased its position in AT&T Inc. (NYSE:T) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 33,287 shares of the technology company’s stock after purchasing an additional 1,522 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in AT&T were worth $957,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TAP Consulting LLC grew its stake in AT&T by 4.6% during the 4th quarter. TAP Consulting LLC now owns 8,008 shares of the technology company’s stock valued at $230,000 after acquiring an additional 354 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of AT&T by 0.3% in the fourth quarter. Hohimer Wealth Management LLC now owns 150,118 shares of the technology company’s stock worth $4,317,000 after purchasing an additional 378 shares in the last quarter. Pure Financial Advisors Inc. boosted its holdings in shares of AT&T by 3.5% during the fourth quarter. Pure Financial Advisors Inc. now owns 11,273 shares of the technology company’s stock worth $324,000 after purchasing an additional 379 shares during the period. Shine Investment Advisory Services Inc. grew its position in AT&T by 13.2% during the third quarter. Shine Investment Advisory Services Inc. now owns 3,278 shares of the technology company’s stock valued at $93,000 after purchasing an additional 382 shares in the last quarter. Finally, Evermay Wealth Management LLC increased its stake in AT&T by 2.3% in the 3rd quarter. Evermay Wealth Management LLC now owns 17,144 shares of the technology company’s stock valued at $489,000 after buying an additional 386 shares during the period. Hedge funds and other institutional investors own 51.17% of the company’s stock.
T stock opened at $28.93 on Friday. The stock has a market capitalization of $206.16 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 3.04 and a beta of 0.70. The company has a 50-day moving average of $29.37 and a two-hundred day moving average of $29.05. AT&T Inc. has a 52-week low of $26.08 and a 52-week high of $38.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.84 and a quick ratio of 0.84.
AT&T (NYSE:T) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $42.43 billion for the quarter, compared to analyst estimates of $41.66 billion. AT&T had a return on equity of 12.27% and a net margin of 6.42%. AT&T’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Equities analysts expect that AT&T Inc. will post 3.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 11th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.19%. The ex-dividend date is Friday, January 8th. AT&T’s dividend payout ratio is currently 58.26%.
A number of equities research analysts have issued reports on the stock. Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, January 4th. Zacks Investment Research raised AT&T from a “sell” rating to a “hold” rating and set a $33.00 price objective for the company in a research report on Thursday, December 10th. Oppenheimer reaffirmed a “buy” rating and issued a $38.00 target price on shares of AT&T in a research report on Thursday, October 1st. National Bank Financial upgraded AT&T to an “outperform” rating and lifted their price target for the company from $25.00 to $27.00 in a report on Monday, November 9th. Finally, KeyCorp cut AT&T from a “sector weight” rating to an “underweight” rating and set a $25.00 price target for the company. in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. AT&T presently has an average rating of “Hold” and an average price target of $32.36.
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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