KPP Advisory Services LLC Grows Stake in AT&T Inc. (NYSE:T)

KPP Advisory Services LLC grew its holdings in AT&T Inc. (NYSE:T - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 143,241 shares of the technology company's stock after buying an additional 9,738 shares during the quarter. KPP Advisory Services LLC's holdings in AT&T were worth $4,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Next Level Private LLC lifted its holdings 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 worth $3,206,000 after buying an additional 379 shares during the period. Carolinas Wealth Consulting LLC raised its position in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after acquiring an additional 384 shares in the last quarter. Kozak & Associates Inc. raised its position in shares of AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after acquiring an additional 398 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock worth $3,222,000 after acquiring an additional 398 shares in the last quarter. Finally, Firethorn Wealth Partners LLC raised its position in shares of AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Down 1.2%

AT&T stock opened at $27.93 on Thursday. The firm has a market cap of $200.97 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 4.01 and a beta of 0.41. The stock has a fifty day simple moving average of $27.59 and a two-hundred day simple moving average of $25.87. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.03. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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 dividend yield of 3.97%. AT&T's payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

T has been the subject of several research reports. TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Evercore ISI increased their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $28.76.

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.

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