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

Kercheville Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,087 shares of the technology company's stock, valued at approximately $568,000.

Several other institutional investors have also modified their holdings of T. Capital A Wealth Management LLC bought a new position in AT&T during the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T in the fourth quarter worth approximately $28,000. Finally, Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares during the period. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of AT&T stock opened at $27.95 on Tuesday. The company has a market capitalization of $201.08 billion, a PE ratio of 18.76, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a 50-day simple moving average of $27.44 and a two-hundred day simple moving average of $25.69. 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 quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm 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 was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.97%. AT&T's dividend payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer boosted their target price 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. Royal Bank of Canada raised their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Scotiabank reiterated an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Evercore ISI upped their target price 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 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 presently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.

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