Concurrent Investment Advisors LLC Increases Holdings in AT&T Inc. (NYSE:T)

Concurrent Investment Advisors LLC increased its position in AT&T Inc. (NYSE:T - Free Report) by 12.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 313,653 shares of the technology company's stock after purchasing an additional 35,606 shares during the quarter. Concurrent Investment Advisors LLC's holdings in AT&T were worth $8,870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. Next Level Private LLC increased its position in AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in AT&T by 1.6% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after buying an additional 384 shares in the last quarter. Kozak & Associates Inc. increased its position in AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after buying an additional 398 shares in the last quarter. Silver Oak Securities Incorporated increased its position in AT&T by 0.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after buying an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC increased its position in AT&T by 4.1% during the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after buying an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on T shares. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Finally, Williams Trading set a $30.00 target price on AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.90.

AT&T Stock Performance

Shares of T traded up $0.02 during trading hours on Friday, hitting $28.33. The stock had a trading volume of 21,085,177 shares, compared to its average volume of 36,496,958. 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 Inc. has a 12 month low of $18.14 and a 12 month high of $29.19. The firm has a market capitalization of $203.82 billion, a PE ratio of 17.38, a PEG ratio of 4.02 and a beta of 0.42. The stock has a fifty day moving average price of $27.79 and a 200 day moving average price of $26.17.

AT&T (NYSE:T - Get Free Report) last released its 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). The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. AT&T's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. Analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business 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 of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.92%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

About AT&T

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.