Jackson Square Capital LLC Increases Stock Holdings in AT&T Inc. (NYSE:T)

Jackson Square Capital LLC raised its position in AT&T Inc. (NYSE:T - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,436 shares of the technology company's stock after buying an additional 50,185 shares during the quarter. AT&T comprises about 2.7% of Jackson Square Capital LLC's portfolio, making the stock its 10th largest position. Jackson Square Capital LLC's holdings in AT&T were worth $8,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Next Level Private LLC grew its position in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares during the period. Carolinas Wealth Consulting LLC raised its stake in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. raised its stake in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares during the period. Firethorn Wealth Partners LLC raised its stake in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after acquiring an additional 399 shares during the period. Finally, Charter Oak Capital Management LLC increased its position in shares of AT&T by 2.7% during the first quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock valued at $431,000 after buying an additional 408 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Trading Down 0.5%

T traded down $0.14 during trading on Friday, reaching $28.13. 22,422,913 shares of the company's stock were exchanged, compared to its average volume of 36,609,472. AT&T Inc. has a one year low of $17.49 and a one year high of $29.03. 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 capitalization of $202.43 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The firm has a fifty day moving average price of $27.41 and a two-hundred day moving average price of $25.63.

AT&T (NYSE:T - Get Free Report) last posted its 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 return on equity of 13.97% and a net margin of 8.95%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on T shares. Royal Bank of Canada upped their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Morgan Stanley reaffirmed 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. Tigress Financial lifted their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Evercore ISI lifted their price objective on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Company 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.