Donaldson Capital Management LLC Buys 15,448 Shares of 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 first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,872 shares of the technology company's stock after purchasing 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 SEC filing.

A number of other hedge funds have also recently made changes to their positions in T. Brighton Jones LLC increased its holdings in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock worth $1,106,000 after purchasing an additional 10,188 shares in the last quarter. Sapient Capital LLC increased its holdings in AT&T by 1.6% in the fourth quarter. Sapient Capital LLC now owns 37,561 shares of the technology company's stock worth $855,000 after purchasing an additional 579 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in AT&T in the fourth quarter worth approximately $253,000. Sovran Advisors LLC bought a new stake in AT&T in the fourth quarter worth approximately $856,000. Finally, Quent Capital LLC increased its holdings in AT&T by 14.8% in the fourth quarter. Quent Capital LLC now owns 15,812 shares of the technology company's stock worth $360,000 after purchasing an additional 2,039 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

Shares of T traded down $0.14 during mid-day trading on Friday, hitting $28.13. The stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,665,525. The firm has a market cap of $202.43 billion, a P/E ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.41. The business has a fifty day moving average price of $27.41 and a 200-day moving average price of $25.64. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. AT&T Inc. has a 52 week low of $17.49 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. AT&T's payout ratio is presently 68.10%.

Analyst Ratings Changes

T has been the subject of a number of research reports. TD Securities raised their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Morgan Stanley reissued an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. 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 note on Tuesday, April 29th. JPMorgan Chase & Co. lifted their target price 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, Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T 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.