Round Rock Advisors LLC Acquires Shares of 9,328 AT&T Inc. (NYSE:T)

Round Rock Advisors LLC acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,328 shares of the technology company's stock, valued at approximately $264,000.

A number of other hedge funds have also added to or reduced their stakes in T. Allworth Financial LP lifted its position in AT&T by 3.8% during the first quarter. Allworth Financial LP now owns 1,478,015 shares of the technology company's stock valued at $40,690,000 after buying an additional 54,098 shares during the period. Stonebrook Private Inc. increased its stake in shares of AT&T by 10.7% in the 1st quarter. Stonebrook Private Inc. now owns 11,202 shares of the technology company's stock worth $317,000 after acquiring an additional 1,087 shares in the last quarter. Sharpepoint LLC increased its stake in shares of AT&T by 17.1% in the 1st quarter. Sharpepoint LLC now owns 87,354 shares of the technology company's stock worth $2,385,000 after acquiring an additional 12,757 shares in the last quarter. CFO4Life Group LLC lifted its position in AT&T by 11.9% during the 1st quarter. CFO4Life Group LLC now owns 34,638 shares of the technology company's stock valued at $980,000 after acquiring an additional 3,691 shares during the period. Finally, Forza Wealth Management LLC boosted its stake in AT&T by 1.7% during the first quarter. Forza Wealth Management LLC now owns 32,744 shares of the technology company's stock worth $926,000 after acquiring an additional 550 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on T. Oppenheimer lifted their target price on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Tigress Financial raised their price target on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.12.

AT&T Stock Performance

NYSE:T traded down $0.65 during mid-day trading on Friday, hitting $26.97. 42,637,282 shares of the company traded hands, compared to its average volume of 36,516,853. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The stock's fifty day moving average price is $27.84 and its 200-day moving average price is $26.27. The firm has a market cap of $194.07 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 3.45 and a beta of 0.42. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19.

AT&T (NYSE:T - Get Free Report) last released its earnings results 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 firm 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 13.63% and a net margin of 9.64%. AT&T's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 EPS. Research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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.