AT&T Inc. (NYSE:T) Shares Purchased by TBH Global Asset Management LLC

TBH Global Asset Management LLC grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 163.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,544 shares of the technology company's stock after acquiring an additional 42,499 shares during the quarter. TBH Global Asset Management LLC's holdings in AT&T were worth $1,938,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on T shares. Cowen reiterated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Wells Fargo & Company raised their price objective 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. Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Finally, Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $28.90.

AT&T Trading Up 0.3%

Shares of T stock opened at $28.08 on Friday. The stock's fifty day moving average is $27.63 and its two-hundred day moving average is $25.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market capitalization of $202.02 billion, a P/E ratio of 17.22, a PEG ratio of 3.98 and a beta of 0.41. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced 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 company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced 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 dividend yield of 3.95%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 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.

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