AT&T Inc. (NYSE:T) Shares Acquired by Live Oak Investment Partners

Live Oak Investment Partners increased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 3,588.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,628 shares of the technology company's stock after purchasing an additional 44,391 shares during the period. AT&T accounts for about 1.0% of Live Oak Investment Partners' holdings, making the stock its 25th biggest position. Live Oak Investment Partners' holdings in AT&T were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the 4th quarter worth $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the 4th quarter worth $27,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of AT&T during the 4th quarter worth $30,000. Finally, REAP Financial Group LLC increased its holdings in shares of AT&T by 115.2% during the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock worth $31,000 after buying an additional 727 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays upped their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. TD Securities upped their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada upped their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.76.

AT&T Stock Up 0.3%

NYSE:T traded up $0.08 on Friday, reaching $28.08. The stock had a trading volume of 37,331,600 shares, compared to its average volume of 36,487,186. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average of $27.63 and a 200 day moving average of $25.94. The stock has a market cap of $202.02 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 3.97 and a beta of 0.41. AT&T Inc. has a 12-month low of $18.14 and a 12-month 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 analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. AT&T's payout ratio is currently 68.10%.

AT&T Company 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.