12,975 Shares in AT&T Inc. (NYSE:T) Bought by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC bought a new position in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,975 shares of the technology company's stock, valued at approximately $367,000. AT&T makes up about 0.3% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 20th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carolinas Wealth Consulting LLC lifted its stake in shares of AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after buying an additional 384 shares in the last quarter. Buska Wealth Management LLC lifted its stake in shares of AT&T by 3.2% in the fourth quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company's stock worth $305,000 after buying an additional 412 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after purchasing an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings 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 purchasing an additional 430 shares during the last quarter. Finally, BNP Paribas raised its holdings in shares of AT&T by 1.0% during the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company's stock valued at $942,000 after purchasing an additional 430 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of NYSE T traded up $0.35 during midday trading on Friday, reaching $27.73. The stock had a trading volume of 47,953,734 shares, compared to its average volume of 36,774,351. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $25.29. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market capitalization of $199.53 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 12-month low of $17.42 and a 12-month high of $29.03.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of several research reports. TD Securities boosted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Evercore ISI boosted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Company Profile

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.