Aurora Private Wealth Inc. Grows Position in AT&T Inc. (NYSE:T)

Aurora Private Wealth Inc. grew its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 903.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,019 shares of the technology company's stock after buying an additional 153,075 shares during the period. Aurora Private Wealth Inc.'s holdings in AT&T were worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC increased its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares during the last quarter. World Equity Group Inc. grew its stake in shares of AT&T by 11.3% in the 4th quarter. World Equity Group Inc. now owns 11,525 shares of the technology company's stock worth $262,000 after buying an additional 1,168 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of AT&T by 13.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,818 shares of the technology company's stock worth $110,000 after buying an additional 582 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of AT&T by 15.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 22,881 shares of the technology company's stock worth $521,000 after buying an additional 3,086 shares during the last quarter. Finally, Edge Capital Group LLC purchased a new stake in shares of AT&T during the 4th quarter valued at about $272,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Tigress Financial raised their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Oppenheimer increased their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Wells Fargo & Company lifted their price target 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. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $28.76.

AT&T Stock Down 1.2%

Shares of NYSE:T traded down $0.35 during trading hours on Wednesday, hitting $27.93. The company's stock had a trading volume of 26,183,730 shares, compared to its average volume of 36,471,606. The firm's fifty day moving average price is $27.57 and its 200 day moving average price is $25.86. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.03. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 4.00 and a beta of 0.41. 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 data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during 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 business's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. As a group, research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.97%. AT&T's dividend payout ratio (DPR) is currently 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.