Cordatus Wealth Management LLC Invests $536,000 in AT&T Inc. (T)

Cordatus Wealth Management LLC purchased a new position in shares of AT&T Inc. (NYSE:T) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,780 shares of the technology company’s stock, valued at approximately $536,000.

Several other large investors have also modified their holdings of T. NuWave Investment Management LLC bought a new position in AT&T during the 4th quarter worth approximately $40,000. Mackey Komara & Dankovich LLC bought a new position in AT&T during the 4th quarter worth approximately $76,000. Creative Financial Designs Inc. ADV boosted its stake in AT&T by 86.3% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,696 shares of the technology company’s stock worth $77,000 after acquiring an additional 1,249 shares during the last quarter. New Capital Management LP boosted its stake in AT&T by 234.6% during the 4th quarter. New Capital Management LP now owns 3,349 shares of the technology company’s stock worth $96,000 after acquiring an additional 2,348 shares during the last quarter. Finally, Stelac Advisory Services LLC bought a new position in AT&T during the 3rd quarter worth approximately $121,000. Institutional investors own 64.60% of the company’s stock.

Shares of T opened at $31.80 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.72. AT&T Inc. has a twelve month low of $26.80 and a twelve month high of $34.53. The company has a market capitalization of $195.22 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.35 and a beta of 0.58.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.86 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.86. AT&T had a net margin of 10.59% and a return on equity of 13.16%. The firm had revenue of $44.83 billion for the quarter, compared to analyst estimates of $45.20 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Analysts anticipate that AT&T Inc. will post 3.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s payout ratio is currently 57.95%.

Several research analysts recently weighed in on T shares. Raymond James raised shares of AT&T from a “market perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a research note on Friday, March 15th. They noted that the move was a valuation call. Cowen reissued a “buy” rating and set a $35.00 price objective on shares of AT&T in a research note on Thursday, January 31st. ValuEngine lowered shares of AT&T from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Finally, Desjardins reissued an “average” rating and set a $56.50 price objective on shares of AT&T in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $36.32.

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AT&T Company Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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

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