DSG Capital Advisors LLC Buys Shares of 95,886 AT&T Inc. (NYSE:T)

DSG Capital Advisors LLC bought a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 95,886 shares of the technology company's stock, valued at approximately $2,183,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares in the last quarter. Geode Capital Management LLC grew 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 valued at $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC grew its stake in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 7.1% in the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of AT&T during the 4th quarter valued at approximately $1,858,418,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

T traded up $0.35 during trading on Friday, reaching $27.73. The stock had a trading volume of 47,953,734 shares, compared to its average volume of 36,897,732. The stock has a 50 day moving average of $27.36 and a two-hundred day moving average of $25.27. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm 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 1-year low of $17.42 and a 1-year high of $29.03.

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

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

T has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Royal Bank of Canada increased their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus price target 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.