Trust Investment Advisors Acquires 11,022 Shares of AT&T Inc. (NYSE:T)

Trust Investment Advisors raised its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 58,958 shares of the technology company's stock after purchasing an additional 11,022 shares during the quarter. Trust Investment Advisors' holdings in AT&T were worth $1,667,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Minot DeBlois Advisors LLC bought a new stake in AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC bought a new stake in AT&T in the fourth quarter valued at about $27,000. Hager Investment Management Services LLC increased its stake in AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares during the period. Finally, Core Alternative Capital increased its stake in AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after acquiring an additional 568 shares during the period. Institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Scotiabank upped their target price on shares of AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Oppenheimer upped their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, UBS Group reiterated a "buy" rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

AT&T Trading Up 0.2%

NYSE:T traded up $0.06 during trading hours on Thursday, hitting $27.01. The stock had a trading volume of 24,439,909 shares, compared to its average volume of 36,425,772. AT&T Inc. has a one year low of $18.14 and a one year 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. The company has a market cap of $194.32 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 3.37 and a beta of 0.42. The business's 50 day moving average is $27.77 and its 200-day moving average is $26.38.

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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the company earned $0.55 EPS. The firm's revenue was up 2.0% on a year-over-year basis. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio is 68.10%.

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.