37,457 Shares in AT&T Inc. (NYSE:T) Bought by Brookwood Investment Group LLC

Brookwood Investment Group LLC bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,457 shares of the technology company's stock, valued at approximately $1,059,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Geode Capital Management LLC raised its stake in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after buying an additional 2,640,644 shares during the period. Norges Bank bought a new stake in shares of AT&T in the fourth quarter worth about $1,858,418,000. Northern Trust Corp raised its position in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares during the period. Capital World Investors raised its position in shares of AT&T by 5.2% during the fourth quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock worth $1,307,576,000 after purchasing an additional 2,841,837 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after purchasing an additional 12,881,578 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. Evercore ISI increased their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Royal Bank Of Canada raised their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Tigress Financial lifted their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. UBS Group restated a "buy" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. Finally, Barclays raised their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of "Moderate Buy" and an average price target of $29.37.

AT&T Price Performance

T stock traded up $0.16 during mid-day trading on Thursday, reaching $27.91. 47,310,769 shares of the company traded hands, compared to its average volume of 31,138,704. The company has a fifty day moving average price of $27.80 and a 200-day moving average price of $26.58. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.65. The company has a market capitalization of $200.81 billion, a P/E ratio of 15.86, a P/E/G ratio of 3.46 and a beta of 0.42. AT&T Inc. has a 52-week low of $18.64 and a 52-week high of $29.19.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. AT&T's revenue was up 3.4% on a year-over-year basis. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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 paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

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.