NBC Securities Inc. Purchases 206,012 Shares of AT&T Inc. (NYSE:T)

NBC Securities Inc. grew its position in AT&T Inc. (NYSE:T - Free Report) by 396,176.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,064 shares of the technology company's stock after purchasing an additional 206,012 shares during the quarter. AT&T makes up about 0.5% of NBC Securities Inc.'s portfolio, making the stock its 26th largest position. NBC Securities Inc.'s holdings in AT&T were worth $5,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Carolinas Wealth Consulting LLC boosted its stake in AT&T by 1.6% during the fourth 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. Buska Wealth Management LLC raised its holdings in AT&T by 3.2% during the fourth quarter. Buska Wealth Management LLC now owns 13,391 shares of the technology company's stock worth $305,000 after buying an additional 412 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock worth $596,000 after buying an additional 421 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings in AT&T by 48.6% during 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 last quarter. Finally, BNP Paribas raised its holdings in AT&T by 1.0% during the fourth quarter. BNP Paribas now owns 41,716 shares of the technology company's stock worth $942,000 after buying an additional 430 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

NYSE T traded up $0.33 during trading hours on Thursday, reaching $27.69. 11,178,784 shares of the company were exchanged, compared to its average volume of 36,602,807. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $199.25 billion, a P/E ratio of 18.58, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 1 year low of $17.42 and a 1 year high of $29.03. The business's 50 day simple moving average is $27.34 and its 200-day simple moving average is $25.38.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business 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%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. On average, equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.01%. AT&T's dividend payout ratio is presently 68.10%.

Analyst Ratings Changes

Several research firms have weighed in on T. Barclays upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Royal Bank of Canada upped their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. Finally, Tigress Financial upped their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.

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.