Register Financial Advisors LLC Boosts Position in AT&T Inc. (NYSE:T)

Register Financial Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,390 shares of the technology company’s stock after purchasing an additional 639 shares during the quarter. Register Financial Advisors LLC’s holdings in AT&T were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC increased its position in AT&T by 11.3% during the first quarter. Capital Asset Advisory Services LLC now owns 170,469 shares of the technology company’s stock worth $2,970,000 after buying an additional 17,295 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in AT&T during the first quarter worth approximately $782,000. Hennessy Advisors Inc. increased its position in AT&T by 24.2% during the first quarter. Hennessy Advisors Inc. now owns 321,660 shares of the technology company’s stock worth $5,661,000 after buying an additional 62,700 shares during the period. Cypress Wealth Services LLC increased its position in AT&T by 11.0% during the first quarter. Cypress Wealth Services LLC now owns 12,276 shares of the technology company’s stock worth $216,000 after buying an additional 1,220 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in AT&T by 1.9% during the first quarter. 180 Wealth Advisors LLC now owns 63,605 shares of the technology company’s stock worth $1,119,000 after buying an additional 1,171 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Trading Up 2.0 %

Shares of T stock opened at $19.13 on Friday. The business’s fifty day moving average price is $17.57 and its 200 day moving average price is $17.17. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $19.13. The firm has a market capitalization of $137.17 billion, a PE ratio of 10.28, a P/E/G ratio of 4.26 and a beta of 0.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, sell-side analysts forecast that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.80%. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on T. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft boosted their target price on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer reissued an “outperform” rating and issued a $21.00 target price on shares of AT&T in a report on Tuesday. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 target price on shares of AT&T in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.71.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.