Arkadios Wealth Advisors Boosts Stock Holdings in AT&T Inc. $T

Arkadios Wealth Advisors raised its holdings in AT&T Inc. (NYSE:T) by 23.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,039 shares of the technology company’s stock after purchasing an additional 33,356 shares during the quarter. Arkadios Wealth Advisors’ holdings in AT&T were worth $5,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Front Row Advisors LLC acquired a new stake in shares of AT&T in the 2nd quarter valued at approximately $25,000. Mountain Hill Investment Partners Corp. grew its holdings in AT&T by 363.7% during the third quarter. Mountain Hill Investment Partners Corp. now owns 895 shares of the technology company’s stock worth $25,000 after acquiring an additional 702 shares during the period. Kennebec Savings Bank raised its position in AT&T by 412.1% in the second quarter. Kennebec Savings Bank now owns 973 shares of the technology company’s stock worth $28,000 after acquiring an additional 783 shares in the last quarter. Solstein Capital LLC lifted its holdings in AT&T by 217.3% in the second quarter. Solstein Capital LLC now owns 952 shares of the technology company’s stock valued at $28,000 after acquiring an additional 652 shares during the period. Finally, Curio Wealth LLC boosted its position in shares of AT&T by 26,100.0% during the 2nd quarter. Curio Wealth LLC now owns 1,048 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Down 0.2%

Shares of NYSE:T opened at $23.45 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 52-week low of $22.02 and a 52-week high of $29.79. The stock’s fifty day simple moving average is $24.74 and its 200-day simple moving average is $26.52. The company has a market capitalization of $166.24 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.28 and a beta of 0.39.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter last year, the business posted $0.60 EPS. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, January 12th. AT&T’s dividend payout ratio (DPR) is currently 36.04%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on T shares. Sanford C. Bernstein lowered their price target on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday. Loop Capital set a $29.00 price objective on shares of AT&T in a report on Friday, December 19th. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barclays reduced their price target on shares of AT&T from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AT&T in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.36.

AT&T Profile

AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.

AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.