Trinity Legacy Partners LLC Takes $218,000 Position in AT&T Inc. (NYSE:T)

Trinity Legacy Partners LLC purchased a new stake in AT&T Inc. (NYSE:TGet Rating) during the first quarter, HoldingsChannel.com reports. The fund purchased 9,244 shares of the technology company’s stock, valued at approximately $218,000.

Several other large investors have also recently added to or reduced their stakes in T. Econ Financial Services Corp acquired a new stake in shares of AT&T in the fourth quarter worth $26,000. KRS Capital Management LLC acquired a new stake in shares of AT&T in the fourth quarter worth $27,000. MFA Wealth Advisors LLC acquired a new stake in shares of AT&T in the third quarter worth $29,000. Atwood & Palmer Inc. acquired a new stake in shares of AT&T in the fourth quarter worth $29,000. Finally, Arlington Partners LLC grew its stake in shares of AT&T by 70.7% in the fourth quarter. Arlington Partners LLC now owns 1,263 shares of the technology company’s stock worth $31,000 after acquiring an additional 523 shares during the last quarter. 53.47% of the stock is currently owned by institutional investors.

Shares of NYSE:T opened at $20.32 on Thursday. The stock has a market capitalization of $145.47 billion, a P/E ratio of 8.57, a P/E/G ratio of 2.15 and a beta of 0.57. AT&T Inc. has a 1-year low of $16.62 and a 1-year high of $22.15. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average price of $20.09 and a two-hundred day moving average price of $22.75.

AT&T (NYSE:TGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The technology company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The firm had revenue of $38.10 billion for the quarter, compared to the consensus estimate of $38.29 billion. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. As a group, equities analysts predict that AT&T Inc. will post 2.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th were issued a dividend of $0.278 per share. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.11 annualized dividend and a yield of 5.47%. AT&T’s dividend payout ratio is currently 46.84%.

T has been the topic of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Monday, April 25th. They issued a “buy” rating and a $23.00 price objective on the stock. Raymond James decreased their price target on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, April 11th. Citigroup decreased their price target on shares of AT&T from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. Finally, Wells Fargo & Company decreased their price target on shares of AT&T from $26.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T presently has an average rating of “Hold” and an average target price of $24.48.

AT&T Company Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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