Capital Management Associates Inc Takes $498,000 Position in AT&T Inc. (NYSE:T)

Capital Management Associates Inc bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,618 shares of the technology company's stock, valued at approximately $498,000.

Several other large investors have also added to or reduced their stakes in T. Keystone Financial Group increased its holdings in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after buying an additional 143,744 shares during the last quarter. Capstone Wealth Management LLC acquired a new stake in AT&T during the 1st quarter worth approximately $201,000. World Investment Advisors boosted its stake in AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock valued at $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. increased its position in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock worth $65,255,000 after buying an additional 365,776 shares during the period. Finally, Huber Capital Management LLC lifted its holdings in shares of AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock worth $13,161,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

NYSE T opened at $28.33 on Monday. The firm's fifty day moving average price is $27.79 and its two-hundred day moving average price is $26.17. The stock has a market cap of $203.82 billion, a PE ratio of 17.38, a PEG ratio of 4.02 and a beta of 0.42. 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 Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19.

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

AT&T Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.92%. AT&T's dividend payout ratio is presently 68.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on T shares. Citigroup restated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average price target of $28.90.

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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