QRG Capital Management Inc. Acquires 14,167 Shares of AT&T Inc. (NYSE:T)

QRG Capital Management Inc. increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,756,247 shares of the technology company's stock after buying an additional 14,167 shares during the period. QRG Capital Management Inc.'s holdings in AT&T were worth $49,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the 4th quarter valued at $25,000. Capital A Wealth Management LLC bought a new stake in AT&T in the 4th quarter worth $25,000. Putney Financial Group LLC bought a new stake in AT&T in the 4th quarter worth $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter valued at about $28,000. Finally, Tradewinds Capital Management LLC lifted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the period. 57.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

T has been the subject of a number of recent research reports. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial increased their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. TD Securities lifted their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.71.

AT&T Stock Down 0.5%

T stock opened at $28.13 on Monday. The company has a market cap of $202.43 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 3.00 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $17.49 and a 12 month high of $29.03. The firm has a 50-day moving average of $27.41 and a two-hundred day moving average of $25.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T's dividend payout ratio (DPR) is presently 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.

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