95,886 Shares in AT&T Inc. (NYSE:T) Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 95,886 shares of the technology company's stock, valued at approximately $2,183,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Carolinas Wealth Consulting LLC boosted its stake in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after purchasing an additional 384 shares during the last quarter. Buska Wealth Management LLC lifted its position in shares of AT&T by 3.2% during the 4th quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company's stock valued at $305,000 after acquiring an additional 412 shares during the period. 1620 Investment Advisors Inc. lifted its position in shares of AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after acquiring an additional 421 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the period. Finally, BNP Paribas lifted its position in shares of AT&T by 1.0% during the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock valued at $942,000 after acquiring an additional 430 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock traded down $0.13 on Thursday, reaching $27.38. 27,188,250 shares of the company traded hands, compared to its average volume of 36,838,931. AT&T Inc. has a 52 week low of $17.16 and a 52 week high of $29.03. The company has a 50 day moving average of $27.34 and a 200 day moving average of $25.20. The firm has a market capitalization of $196.98 billion, a PE ratio of 18.37, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.55 earnings per share. Equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.05%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is presently 68.10%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on T shares. Oppenheimer boosted their target price 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. Wells Fargo & Company boosted 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 Thursday, April 24th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Barclays lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.