Lakeshore Capital Group Inc. Acquires New Position in AT&T Inc. (NYSE:T)

Lakeshore Capital Group Inc. purchased a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 39,776 shares of the technology company's stock, valued at approximately $906,000. AT&T accounts for about 1.4% of Lakeshore Capital Group Inc.'s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. lifted its stake in AT&T by 1.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after acquiring an additional 421 shares in the last quarter. Tradewinds Capital Management LLC lifted its position 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 purchasing an additional 430 shares in the last quarter. BNP Paribas lifted its position in shares of AT&T by 1.0% in the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company's stock worth $942,000 after purchasing an additional 430 shares in the last quarter. Whittier Trust Co. lifted its position in shares of AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after purchasing an additional 433 shares in the last quarter. Finally, Wealthstream Advisors Inc. lifted its position in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after buying an additional 444 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE:T traded down $0.14 during mid-day trading on Thursday, reaching $27.37. 12,336,152 shares of the company's stock were exchanged, compared to its average volume of 36,728,600. AT&T Inc. has a one year low of $17.11 and a one year high of $29.03. The firm has a market capitalization of $196.91 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The business's fifty day simple moving average is $27.34 and its two-hundred day simple moving average is $25.20. 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 announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.06%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Wednesday, January 29th. Cowen reiterated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Royal Bank of Canada upped their price objective on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Wells Fargo & Company upped 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus 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.