Live Oak Investment Partners lifted its position in AT&T Inc. (NYSE:T - Free Report) by 3,588.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 45,628 shares of the technology company's stock after purchasing an additional 44,391 shares during the quarter. AT&T accounts for approximately 1.0% of Live Oak Investment Partners' holdings, making the stock its 25th biggest holding. Live Oak Investment Partners' holdings in AT&T were worth $1,290,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after buying an additional 10,188 shares in the last quarter. World Equity Group Inc. increased its position in AT&T by 11.3% in the 4th quarter. World Equity Group Inc. now owns 11,525 shares of the technology company's stock valued at $262,000 after acquiring an additional 1,168 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in AT&T by 13.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,818 shares of the technology company's stock valued at $110,000 after acquiring an additional 582 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of AT&T by 15.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 22,881 shares of the technology company's stock worth $521,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Edge Capital Group LLC acquired a new position in shares of AT&T during the fourth quarter worth approximately $272,000. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Stock Down 1.2%
NYSE:T traded down $0.35 during trading hours on Wednesday, reaching $27.93. 26,183,730 shares of the stock were exchanged, compared to its average volume of 36,471,606. The stock has a market cap of $200.97 billion, a PE ratio of 17.13, a PEG ratio of 4.00 and a beta of 0.41. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.03. The firm has a 50 day moving average of $27.57 and a 200 day moving average of $25.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS 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 return on equity of 13.63% and a net margin of 9.64%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current 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 paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.97%. AT&T's dividend payout ratio is 68.10%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on T shares. Morgan Stanley restated an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Royal Bank Of Canada boosted 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 given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $28.76.
Check Out Our Latest Analysis on AT&T
About AT&T
(
Free Report)
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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