Focused Wealth Management Inc Has $2.23 Million Position in AT&T Inc. (NYSE:T)

Focused Wealth Management Inc lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 17.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,714 shares of the technology company's stock after buying an additional 11,715 shares during the period. Focused Wealth Management Inc's holdings in AT&T were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of T. Norges Bank purchased a new position in shares of AT&T in the 4th quarter valued at about $1,858,418,000. GQG Partners LLC increased its holdings in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of AT&T by 18.2% during the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after buying an additional 7,347,354 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T traded down $0.65 during midday trading on Friday, hitting $26.97. 42,637,282 shares of the company's stock were exchanged, compared to its average volume of 36,516,853. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.19. The company's 50 day moving average price is $27.82 and its 200 day moving average price is $26.30. The firm has a market capitalization of $194.07 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 3.45 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released 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 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 9.64% and a return on equity of 13.63%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.12.

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.