Park Square Financial Group LLC Invests $305,000 in AT&T Inc. (NYSE:T)

Park Square Financial Group LLC acquired a new position in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,374 shares of the technology company's stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $27,000. Marshall Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at approximately $28,000. Finally, Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Up 0.9%

T traded up $0.25 on Friday, reaching $27.63. 10,300,795 shares of the company traded hands, compared to its average volume of 36,735,319. AT&T Inc. has a one year low of $17.16 and a one year high of $29.03. The firm has a fifty day simple moving average of $27.35 and a two-hundred day simple moving average of $25.23. The company has a market cap of $198.78 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data 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). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. AT&T's dividend payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 research report on Thursday, February 13th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer increased their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Barclays increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.