Farther Finance Advisors LLC Has $4.35 Million Holdings in AT&T Inc. (NYSE:T)

Farther Finance Advisors LLC raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 39.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,843 shares of the technology company's stock after purchasing an additional 43,521 shares during the quarter. Farther Finance Advisors LLC's holdings in AT&T were worth $4,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in AT&T in the fourth quarter worth about $25,000. Capital A Wealth Management LLC bought a new position in AT&T during the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T in the 4th quarter worth approximately $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on T shares. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. TD Securities lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Evercore ISI upped their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One 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 given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Trading Down 0.1%

Shares of T stock traded down $0.04 during trading hours on Thursday, reaching $28.30. 12,644,864 shares of the stock traded hands, compared to its average volume of 36,598,133. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $203.64 billion, a PE ratio of 18.99, a PEG ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 1-year low of $17.42 and a 1-year high of $29.03. The business has a fifty day moving average price of $27.35 and a 200 day moving average price of $25.56.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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). 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 for the quarter, compared to analysts' expectations of $30.39 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 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.