Jackson Wealth Management LLC Takes Position in AT&T Inc. (NYSE:T)

Jackson Wealth Management LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,912 shares of the technology company's stock, valued at approximately $507,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after buying an additional 10,188 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of AT&T by 39.7% in the 4th quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock valued at $655,000 after buying an additional 8,179 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of AT&T by 6.7% in the 4th quarter. Candriam S.C.A. now owns 556,249 shares of the technology company's stock valued at $12,666,000 after buying an additional 34,700 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of AT&T by 64.2% in the 4th quarter. E Fund Management Co. Ltd. now owns 17,761 shares of the technology company's stock valued at $404,000 after buying an additional 6,946 shares during the last quarter. Finally, Chatham Capital Group Inc. acquired a new stake in AT&T during the 4th quarter valued at $421,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 0.1%

T stock traded up $0.03 on Monday, hitting $28.39. 22,445,029 shares of the company's stock were exchanged, compared to its average volume of 36,440,762. The firm has a 50 day moving average price of $27.79 and a two-hundred day moving average price of $26.17. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market cap of $204.28 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. As a group, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.91%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analyst Ratings Changes

Several research analysts have weighed in on T shares. Bank of America started coverage on AT&T in a research report on Monday. They set a "buy" rating and a $32.00 price objective on the stock. Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. UBS Group reiterated a "buy" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.05.

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.