Fiduciary Financial Group LLC Acquires Shares of 18,665 AT&T Inc. (NYSE:T)

Fiduciary Financial Group LLC purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,665 shares of the technology company's stock, valued at approximately $493,000.

A number of other institutional investors have also recently bought and sold shares of T. Brighton Jones LLC grew its position in shares of AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after purchasing an additional 10,188 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $96,000. Thompson Investment Management Inc. grew its position in shares of AT&T by 18.6% in the fourth quarter. Thompson Investment Management Inc. now owns 7,762 shares of the technology company's stock valued at $177,000 after purchasing an additional 1,216 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of AT&T by 10.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 383,516 shares of the technology company's stock valued at $8,733,000 after purchasing an additional 36,395 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new position in shares of AT&T in the fourth quarter valued at approximately $237,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Evercore ISI raised their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Finally, Tigress Financial upped their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $28.71.

AT&T Trading Down 0.5%

AT&T stock traded down $0.14 during trading hours on Friday, hitting $28.13. The stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,609,434. 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 stock has a market cap of $202.43 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a one year low of $17.49 and a one year high of $29.03. The business's 50 day simple moving average is $27.38 and its 200-day simple moving average is $25.59.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 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%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal 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 given a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's dividend payout ratio is presently 68.10%.

AT&T Company 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.