Diversified Trust Co boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,883 shares of the technology company's stock after acquiring an additional 22,464 shares during the quarter. Diversified Trust Co's holdings in AT&T were worth $5,455,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Next Level Private LLC lifted its stake in shares of AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock worth $3,206,000 after acquiring an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings 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 worth $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. increased its holdings in AT&T by 9.4% during the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the last quarter. Silver Oak Securities Incorporated raised its position in shares of AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after purchasing an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Stock Performance
NYSE:T traded up $0.08 during midday trading on Friday, reaching $28.08. 37,331,600 shares of the company traded hands, compared to its average volume of 36,457,017. The firm has a market capitalization of $202.02 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.96 and a beta of 0.41. The company has a fifty day moving average price of $27.61 and a 200 day moving average price of $25.91. 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 twelve month low of $18.14 and a twelve month high of $29.03.
AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) 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 company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's dividend payout ratio is presently 68.10%.
Analyst Upgrades and Downgrades
T has been the subject of a number of recent analyst reports. Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. TD Securities boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Royal Bank Of Canada upped their target price 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. Finally, Barclays increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $28.76.
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About AT&T
(
Free Report)
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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