14,954 Shares in AT&T Inc. (NYSE:T) Acquired by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,954 shares of the technology company's stock, valued at approximately $341,000.

A number of other hedge funds also recently modified their holdings of T. Captrust Financial Advisors increased its stake in AT&T by 8.1% in the 4th quarter. Captrust Financial Advisors now owns 2,579,778 shares of the technology company's stock valued at $58,742,000 after buying an additional 192,705 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of AT&T during the 4th quarter valued at $1,067,000. Baker Avenue Asset Management LP increased its stake in shares of AT&T by 24.0% in the fourth quarter. Baker Avenue Asset Management LP now owns 14,697 shares of the technology company's stock worth $335,000 after acquiring an additional 2,849 shares during the last quarter. Benchstone Capital Management LP purchased a new stake in shares of AT&T during the fourth quarter worth $42,601,000. Finally, Beverly Hills Private Wealth LLC boosted its position in AT&T by 102.9% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 43,028 shares of the technology company's stock valued at $980,000 after purchasing an additional 21,825 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

Shares of NYSE:T traded down $0.04 on Wednesday, hitting $28.12. 28,352,198 shares of the company were exchanged, compared to its average volume of 36,388,387. The company's 50 day moving average price is $27.12 and its two-hundred day moving average price is $24.65. The firm has a market capitalization of $202.35 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a one year low of $17.00 and a one year high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the company earned $0.55 EPS. The company's revenue was up 2.0% on a year-over-year basis. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T's dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on T shares. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Finally, TD Securities lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $28.71.

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.