Spectrum Wealth Counsel LLC Buys 8,100 Shares of AT&T Inc. (NYSE:T)

Spectrum Wealth Counsel LLC increased its stake in AT&T Inc. (NYSE:T) by 67,500.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,112 shares of the technology company’s stock after purchasing an additional 8,100 shares during the period. Spectrum Wealth Counsel LLC’s holdings in AT&T were worth $185,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of T. Metis Global Partners LLC raised its position in shares of AT&T by 8.7% during the 4th quarter. Metis Global Partners LLC now owns 276,242 shares of the technology company’s stock valued at $6,290,000 after acquiring an additional 22,030 shares during the last quarter. Providence First Trust Co bought a new stake in shares of AT&T during the 4th quarter valued at $996,000. Sims Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter valued at $148,000. SVB Wealth LLC bought a new stake in shares of AT&T during the 4th quarter valued at $3,273,000. Finally, Flputnam Investment Management Co. raised its position in shares of AT&T by 6.0% during the 4th quarter. Flputnam Investment Management Co. now owns 151,774 shares of the technology company’s stock valued at $3,456,000 after acquiring an additional 8,543 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on T shares. JPMorgan Chase & Co. upped their target price on shares of AT&T from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. 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. Oppenheimer assumed coverage on shares of AT&T in a report on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada boosted their price target on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $26.33.

AT&T Stock Up 2.0 %

AT&T stock opened at $27.45 on Friday. The stock has a market cap of $197.01 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.00 and a beta of 0.59. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $27.49. The company’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $22.54.

AT&T (NYSE:T) last announced 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 net margin of 8.95% and a return on equity of 13.97%. As a group, analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.04%. AT&T’s dividend payout ratio is presently 74.50%.

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.