AT&T Inc. (NYSE:T) Shares Bought by Advisor OS LLC

Advisor OS LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 107.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,239 shares of the technology company's stock after buying an additional 38,444 shares during the quarter. Advisor OS LLC's holdings in AT&T were worth $2,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Carnegie Investment Counsel boosted its holdings in shares of AT&T by 78.0% during the 1st quarter. Carnegie Investment Counsel now owns 21,404 shares of the technology company's stock valued at $576,000 after buying an additional 9,379 shares in the last quarter. Northern Financial Advisors Inc boosted its holdings in shares of AT&T by 4.6% during the 1st quarter. Northern Financial Advisors Inc now owns 34,971 shares of the technology company's stock valued at $989,000 after buying an additional 1,539 shares in the last quarter. Burney Co. boosted its holdings in shares of AT&T by 34.2% during the 1st quarter. Burney Co. now owns 52,393 shares of the technology company's stock valued at $1,482,000 after buying an additional 13,350 shares in the last quarter. IMA Advisory Services Inc. bought a new stake in shares of AT&T during the 1st quarter valued at $29,000. Finally, Carbahal Olsen Financial Services Group LLC boosted its holdings in shares of AT&T by 4.9% during the 1st quarter. Carbahal Olsen Financial Services Group LLC now owns 12,192 shares of the technology company's stock valued at $345,000 after buying an additional 571 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

T has been the subject of a number of recent analyst reports. Tigress Financial boosted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. UBS Group reissued 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. Raymond James Financial reissued a "strong-buy" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Finally, Oppenheimer upped their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.37.

AT&T Stock Performance

Shares of AT&T stock traded up $0.16 on Thursday, reaching $27.91. 47,310,769 shares of the stock were exchanged, compared to its average volume of 31,138,704. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $18.64 and a twelve month high of $29.19. The firm has a market capitalization of $200.81 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 3.46 and a beta of 0.42. The business has a 50 day moving average price of $27.80 and a two-hundred day moving average price of $26.58.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is presently 68.10%.

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.