Endeavor Private Wealth Inc. Makes New Investment in AT&T Inc. (NYSE:T)

Endeavor Private Wealth Inc. bought a new stake in AT&T Inc. (NYSE:T) in the 4th quarter, Holdings Channel reports. The institutional investor bought 1,500 shares of the technology company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in AT&T in the third quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in AT&T by 169.2% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock valued at $29,000 after buying an additional 841 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in AT&T during the 3rd quarter worth approximately $35,000. Reston Wealth Management LLC bought a new position in shares of AT&T during the third quarter valued at $35,000. Finally, Marquette Asset Management LLC acquired a new position in shares of AT&T during the third quarter worth $36,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

NYSE:T opened at $22.34 on Thursday. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67. The business has a 50 day moving average of $22.80 and a 200 day moving average of $21.40. The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 3.53 and a beta of 0.59.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, sell-side analysts predict that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, January 10th. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

Analyst Ratings Changes

Several research analysts have commented on the company. Hsbc Global Res raised AT&T to a “strong-buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their price objective on AT&T from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Tigress Financial raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada raised shares of AT&T from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Monday, January 6th. Finally, Evercore ISI lifted their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

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.