Liberty One Investment Management LLC purchased a new position in AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,002,592 shares of the technology company's stock, valued at approximately $28,353,000. AT&T accounts for about 2.9% of Liberty One Investment Management LLC's investment portfolio, making the stock its 14th largest position.
A number of other large investors have also bought and sold shares of T. Minot DeBlois Advisors LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new position in shares of AT&T during the fourth quarter valued at approximately $27,000. Core Alternative Capital grew its stake in AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after purchasing an additional 568 shares during the period. Finally, Ball & Co Wealth Management Inc. purchased a new stake in AT&T in the fourth quarter worth $30,000. 57.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. TD Securities upped their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Tigress Financial upped their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. UBS Group reissued a "buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Bank of America began coverage on AT&T in a research note on Monday. They issued a "buy" rating and a $32.00 target price on the stock. Finally, Williams Trading set a $30.00 target price on AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.12.
Get Our Latest Stock Report on T
AT&T Stock Performance
Shares of NYSE T traded down $0.65 during trading on Friday, hitting $26.97. The company had a trading volume of 42,637,282 shares, compared to its average volume of 36,516,853. The stock has a 50 day simple moving average of $27.82 and a 200 day simple moving average of $26.30. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.19. The firm has a market capitalization of $194.07 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 3.45 and a beta of 0.42.
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). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the business earned $0.55 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.
AT&T Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.
AT&T Company Profile
(
Free Report)
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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