AT&T Inc. (NYSE:T) Shares Acquired by Trek Financial LLC

Trek Financial LLC boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 202.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,106 shares of the technology company's stock after buying an additional 39,542 shares during the quarter. Trek Financial LLC's holdings in AT&T were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keystone Financial Group lifted its holdings in shares of AT&T by 196.3% in the fourth 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. Capstone Wealth Management LLC purchased a new stake in shares of AT&T in the first quarter valued at about $201,000. World Investment Advisors raised its stake in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after acquiring an additional 63,359 shares during the period. DigitalBridge Group Inc. raised its stake in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after acquiring an additional 365,776 shares during the period. Finally, Huber Capital Management LLC raised its stake in shares of AT&T by 2.7% in the 4th quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after acquiring an additional 15,000 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the topic of several analyst reports. Barclays 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 Friday, April 25th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Bank of America initiated coverage on shares of AT&T in a research note on Monday. They set a "buy" rating and a $32.00 price target on the stock. Finally, 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. One research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.05.

AT&T Price Performance

Shares of NYSE:T opened at $28.30 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a 50-day simple moving average of $27.83 and a 200 day simple moving average of $26.23. The company has a market cap of $203.64 billion, a PE ratio of 17.36, a P/E/G ratio of 4.67 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio is currently 68.10%.

About AT&T

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.

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