33,760 Shares in AT&T Inc. (NYSE:T) Acquired by Milestone Asset Management Group LLC

Milestone Asset Management Group LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 33,760 shares of the technology company's stock, valued at approximately $769,000.

Several other hedge funds also recently modified their holdings of T. Consolidated Planning Corp increased its stake in AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after purchasing an additional 21,927 shares in the last quarter. Keystone Financial Group increased its stake in AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock valued at $5,322,000 after purchasing an additional 143,744 shares in the last quarter. World Investment Advisors increased its stake in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in AT&T during the 4th quarter valued at $691,000. Finally, DigitalBridge Group Inc. increased its stake in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after purchasing an additional 365,776 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Up 1.3%

Shares of NYSE:T traded up $0.35 during midday trading on Friday, reaching $27.73. The company's stock had a trading volume of 47,953,734 shares, compared to its average volume of 36,774,351. The firm has a 50 day moving average of $27.36 and a 200-day moving average of $25.31. The firm has a market capitalization of $199.53 billion, a P/E ratio of 18.61, a PEG ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. 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 released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business 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 firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 earnings per share. On average, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on T. TD Securities boosted their price target 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. Evercore ISI upped their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Tigress Financial upped their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Barclays upped their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T 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.