Mather Group LLC. Acquires 37,184 Shares of AT&T Inc. (NYSE:T)

Mather Group LLC. grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 80.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,381 shares of the technology company's stock after purchasing an additional 37,184 shares during the period. Mather Group LLC.'s holdings in AT&T were worth $2,358,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of T. Minot DeBlois Advisors LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC acquired a new position in shares of AT&T during the 4th quarter valued at $27,000. Ball & Co Wealth Management Inc. acquired a new position in shares of AT&T during the 4th quarter valued at $30,000. Finally, REAP Financial Group LLC raised its stake in shares of AT&T by 115.2% in the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock worth $31,000 after buying an additional 727 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the topic of several research reports. Tigress Financial boosted their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. TD Securities lifted their target price on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Cowen reaffirmed a "hold" rating 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 given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus price target of $28.90.

AT&T Stock Down 1.9%

Shares of AT&T stock traded down $0.56 during midday trading on Wednesday, reaching $28.32. 46,984,239 shares of the company's stock traded hands, compared to its average volume of 36,447,935. 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 52 week low of $18.14 and a 52 week high of $29.19. The company's 50 day simple moving average is $27.72 and its 200 day simple moving average is $26.03. The company has a market cap of $203.78 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 4.11 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 earnings per share (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 firm 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 company posted $0.55 earnings per share. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is currently 68.10%.

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.