Crossmark Global Holdings Inc. Purchases 75,624 Shares of AT&T Inc. (NYSE:T)

Crossmark Global Holdings Inc. increased its stake in AT&T Inc. (NYSE:T - Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 959,354 shares of the technology company's stock after acquiring an additional 75,624 shares during the period. Crossmark Global Holdings Inc.'s holdings in AT&T were worth $27,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Keystone Financial Group boosted its holdings in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares in the last quarter. Capstone Wealth Management LLC bought a new stake in AT&T during the first quarter worth approximately $201,000. World Investment Advisors boosted its holdings in AT&T by 36.4% during the fourth 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 in the last quarter. DigitalBridge Group Inc. boosted its holdings in AT&T by 14.6% during the fourth 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 in the last quarter. Finally, Huber Capital Management LLC boosted its holdings in AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock worth $13,161,000 after buying an additional 15,000 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Barclays raised their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. UBS Group reaffirmed a "buy" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Oppenheimer raised their price objective on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.05.

AT&T Stock Up 0.1%

Shares of NYSE T traded up $0.03 during trading hours on Monday, hitting $28.39. The stock had a trading volume of 22,445,029 shares, compared to its average volume of 36,440,756. The company has a market capitalization of $204.28 billion, a P/E ratio of 17.42, a P/E/G ratio of 4.02 and a beta of 0.42. The firm's 50-day moving average price is $27.79 and its two-hundred day moving average price is $26.17. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.

AT&T (NYSE:T - Get Free Report) last announced 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 firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.91%. AT&T's payout ratio is 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.