Donaldson Capital Management LLC Grows Holdings in AT&T Inc. (NYSE:T)

Donaldson Capital Management LLC grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 94.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,872 shares of the technology company's stock after buying an additional 15,448 shares during the quarter. Donaldson Capital Management LLC's holdings in AT&T were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in AT&T in the first quarter worth approximately $1,189,000. My Legacy Advisors LLC raised its holdings in shares of AT&T by 7.1% during the first quarter. My Legacy Advisors LLC now owns 49,064 shares of the technology company's stock valued at $1,388,000 after acquiring an additional 3,265 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in shares of AT&T by 26.8% during the 1st quarter. Curbstone Financial Management Corp now owns 27,514 shares of the technology company's stock valued at $778,000 after purchasing an additional 5,818 shares in the last quarter. Kozak & Associates Inc. boosted 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 acquiring an additional 398 shares in the last quarter. Finally, BFI Infinity Ltd. bought a new position in shares of AT&T in the 1st quarter worth approximately $208,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Price Performance

NYSE:T traded down $0.08 on Friday, reaching $28.19. 12,134,957 shares of the company's stock traded hands, compared to its average volume of 36,547,075. The firm has a market cap of $202.85 billion, a PE ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03. The stock has a 50-day simple moving average of $27.38 and a 200-day simple moving average of $25.59.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.97% and a net margin of 8.95%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Tigress Financial raised their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Oppenheimer increased their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. increased their price objective on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada boosted their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average price target of $28.71.

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.