Huntleigh Advisors Inc. Makes New Investment in AT&T Inc. (NYSE:T)

Huntleigh Advisors Inc. acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 198,793 shares of the technology company's stock, valued at approximately $5,622,000. AT&T makes up approximately 3.4% of Huntleigh Advisors Inc.'s holdings, making the stock its 12th largest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bell Bank raised its holdings in AT&T by 1.5% in the 1st quarter. Bell Bank now owns 384,065 shares of the technology company's stock valued at $10,861,000 after buying an additional 5,643 shares during the last quarter. Rakuten Securities Inc. raised its holdings in AT&T by 11.6% in the 1st quarter. Rakuten Securities Inc. now owns 17,399 shares of the technology company's stock valued at $492,000 after buying an additional 1,802 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in AT&T by 15.2% in the 1st quarter. Insigneo Advisory Services LLC now owns 79,857 shares of the technology company's stock valued at $2,258,000 after buying an additional 10,556 shares during the last quarter. NBT Bank N A NY raised its holdings in AT&T by 7.5% in the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock valued at $3,660,000 after buying an additional 8,989 shares during the last quarter. Finally, Kercheville Advisors LLC bought a new position in AT&T in the 1st quarter valued at approximately $568,000. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on T. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating and set a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.71.

AT&T Trading Down 0.9%

NYSE T opened at $27.95 on Tuesday. The stock has a market capitalization of $201.08 billion, a price-to-earnings ratio of 18.76, a PEG 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 company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The business's fifty day moving average is $27.44 and its 200-day moving average is $25.69.

AT&T (NYSE:T - Get Free Report) last released its 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). The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Equities research analysts predict 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. Shareholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.