Bryn Mawr Capital Management LLC Buys 13,067 Shares of AT&T Inc. (NYSE:T)

Bryn Mawr Capital Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 323,446 shares of the technology company's stock after purchasing an additional 13,067 shares during the period. Bryn Mawr Capital Management LLC's holdings in AT&T were worth $9,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bridgewater Advisors Inc. lifted its holdings in shares of AT&T by 3.6% during the 1st quarter. Bridgewater Advisors Inc. now owns 33,345 shares of the technology company's stock worth $910,000 after acquiring an additional 1,169 shares during the period. Tectonic Advisors LLC lifted its holdings in shares of AT&T by 1.0% during the 1st quarter. Tectonic Advisors LLC now owns 425,027 shares of the technology company's stock worth $12,020,000 after acquiring an additional 4,339 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of AT&T by 0.7% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 958,212 shares of the technology company's stock worth $27,098,000 after acquiring an additional 7,067 shares during the period. Larson Financial Group LLC lifted its holdings in shares of AT&T by 2.6% during the 1st quarter. Larson Financial Group LLC now owns 43,351 shares of the technology company's stock worth $1,226,000 after acquiring an additional 1,078 shares during the period. Finally, Sage Mountain Advisors LLC lifted its holdings in shares of AT&T by 8.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 41,005 shares of the technology company's stock worth $1,160,000 after acquiring an additional 3,192 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on T. Bank of America began coverage on shares of AT&T in a research note on Monday, July 7th. They issued a "buy" rating and a $32.00 price objective for the company. Royal Bank Of Canada increased their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating 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. UBS Group reaffirmed a "buy" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Finally, Tigress Financial raised their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

AT&T Stock Down 0.3%

Shares of AT&T stock traded down $0.07 during trading hours on Friday, reaching $26.92. The company's stock had a trading volume of 27,114,008 shares, compared to its average volume of 37,917,801. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The company has a market capitalization of $193.71 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.37 and a beta of 0.42. The stock's fifty day simple moving average is $27.76 and its two-hundred day simple moving average is $26.41. 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 released its quarterly earnings results 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). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the business earned $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current 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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio 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.