AT&T Inc. (NYSE:T) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,247 shares of the technology company's stock after buying an additional 9,027 shares during the quarter. Wedmont Private Capital's holdings in AT&T were worth $3,302,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in T. Consolidated Planning Corp boosted its position in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares during the last quarter. Keystone Financial Group grew its holdings in AT&T by 196.3% during the 4th 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. World Investment Advisors increased its stake in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its stake in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after buying an additional 365,776 shares during the period. Finally, Fortress Financial Solutions LLC purchased a new position in AT&T in the 4th quarter valued at about $691,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Up 1.2%

AT&T stock opened at $28.09 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a twelve month low of $17.42 and a twelve month high of $29.03. The firm's 50 day moving average price is $27.32 and its two-hundred day moving average price is $25.47. The firm has a market cap of $202.12 billion, a PE ratio of 18.85, a P/E/G ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last issued 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). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the business posted $0.55 EPS. AT&T's revenue was up 2.0% compared to the same quarter last year. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on T. Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Williams Trading set a $30.00 price objective on shares of AT&T 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 stock. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average 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.

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