IMZ Advisory Inc Purchases Shares of 9,128 AT&T Inc. (NYSE:T)

IMZ Advisory Inc acquired a new position in 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 acquired 9,128 shares of the technology company's stock, valued at approximately $258,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company lifted their price objective on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Evercore ISI boosted their target price on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Tigress Financial raised their price objective on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, Barclays raised their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T Stock Up 0.2%

NYSE T traded up $0.06 during trading hours on Tuesday, reaching $27.99. 26,081,577 shares of the company's stock traded hands, compared to its average volume of 36,686,000. AT&T Inc. has a 52-week low of $17.42 and a 52-week 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 firm has a 50-day simple moving average of $27.36 and a 200 day simple moving average of $25.35. The firm has a market cap of $201.42 billion, a PE ratio of 18.79, a PEG ratio of 3.00 and a beta of 0.41.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.97%. AT&T's payout ratio is 68.10%.

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.