Stockman Wealth Management Inc. Makes New $228,000 Investment in AT&T Inc. (NYSE:T)

Stockman Wealth Management Inc. purchased a new position in AT&T Inc. (NYSE:T) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,046 shares of the technology company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in T. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC boosted its position in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. TD Securities lifted their target price on AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, April 24th. Royal Bank of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and an average target price of $28.71.

AT&T Stock Performance

Shares of T opened at $28.13 on Monday. The firm has a market cap of $202.43 billion, a PE ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.41. The stock’s fifty day moving average price is $27.41 and its two-hundred day moving average price is $25.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 1 year low of $17.49 and a 1 year high of $29.03.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

About AT&T

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.