AT&T Inc. (NYSE:T) is Gilliland Jeter Wealth Management LLC's 7th Largest Position

Gilliland Jeter Wealth Management LLC grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 289,708 shares of the technology company's stock after acquiring an additional 9,072 shares during the period. AT&T comprises 2.9% of Gilliland Jeter Wealth Management LLC's holdings, making the stock its 7th largest holding. Gilliland Jeter Wealth Management LLC's holdings in AT&T were worth $8,193,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of T. Keystone Financial Group raised its holdings in AT&T by 196.3% during the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the last quarter. Capstone Wealth Management LLC acquired a new stake in shares of AT&T during the first quarter worth $201,000. World Investment Advisors increased its position in shares of AT&T by 36.4% during the fourth quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the period. DigitalBridge Group Inc. lifted its holdings in AT&T by 14.6% in the fourth quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after buying an additional 365,776 shares during the period. Finally, Huber Capital Management LLC boosted its position in AT&T by 2.7% during the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. TD Securities increased their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Tigress Financial increased their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Oppenheimer lifted their price objective on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.05.

AT&T Stock Performance

T stock traded up $0.03 during mid-day trading on Monday, hitting $28.39. The company had a trading volume of 22,445,029 shares, compared to its average volume of 36,440,756. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market cap of $204.28 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.19. The stock's fifty day moving average price is $27.79 and its two-hundred day moving average price is $26.17.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.91%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is currently 68.10%.

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.