First National Corp MA ADV Takes $402,000 Position in AT&T Inc. (NYSE:T)

First National Corp MA ADV acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,232 shares of the technology company's stock, valued at approximately $402,000.

Other hedge funds also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in AT&T during the fourth quarter worth about $25,000. Putney Financial Group LLC bought a new position in AT&T during the fourth quarter worth about $27,000. Marshall Investment Management LLC bought a new position in AT&T during the fourth quarter worth about $28,000. Finally, YANKCOM Partnership bought a new position in AT&T during the fourth quarter worth about $30,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Up 1.2%

Shares of T stock opened at $28.09 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market cap of $202.12 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The stock has a 50 day simple moving average of $27.32 and a 200 day simple moving average of $25.45. AT&T Inc. has a 1 year low of $17.42 and a 1 year high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued its quarterly 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 company 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 company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared 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 dividend yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of a number of research analyst reports. Oppenheimer lifted their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Finally, Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

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