AT&T Inc. (NYSE:T) Position Raised by Key Colony Management LLC

Key Colony Management LLC grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 100.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,000 shares of the technology company's stock after purchasing an additional 10,000 shares during the quarter. AT&T makes up approximately 0.9% of Key Colony Management LLC's portfolio, making the stock its 5th biggest position. Key Colony Management LLC's holdings in AT&T were worth $566,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in T. Brighton Jones LLC boosted its stake in shares of AT&T by 26.5% during the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of AT&T by 13.7% during the fourth quarter. Perigon Wealth Management LLC now owns 122,420 shares of the technology company's stock valued at $2,696,000 after acquiring an additional 14,756 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in shares of AT&T by 18.7% during the fourth quarter. Gateway Wealth Partners LLC now owns 17,653 shares of the technology company's stock valued at $402,000 after acquiring an additional 2,784 shares in the last quarter. Strategic Blueprint LLC raised its holdings in shares of AT&T by 9.5% during the fourth quarter. Strategic Blueprint LLC now owns 30,769 shares of the technology company's stock valued at $701,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Allen Capital Group LLC raised its holdings in shares of AT&T by 6.1% during the fourth quarter. Allen Capital Group LLC now owns 21,896 shares of the technology company's stock valued at $499,000 after acquiring an additional 1,253 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Up 0.5%

Shares of NYSE:T traded up $0.14 on Monday, hitting $27.94. 26,897,444 shares of the company traded hands, compared to its average volume of 36,734,994. AT&T Inc. has a 52 week low of $17.42 and a 52 week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $25.35. The company has a market cap of $201.04 billion, a PE ratio of 18.75, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. AT&T's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.97%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analyst Ratings Changes

A number of equities analysts recently commented on T shares. Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. Oppenheimer upped their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Royal Bank of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Finally, BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.