Round Rock Advisors LLC Makes New $264,000 Investment in AT&T Inc. (NYSE:T)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Next Level Private LLC increased its stake in shares of AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after purchasing an additional 379 shares during the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after purchasing an additional 384 shares during the last quarter. Kozak & Associates Inc. increased its stake in shares of AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after purchasing an additional 398 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of AT&T by 0.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company's stock valued at $3,222,000 after purchasing an additional 398 shares during the last quarter. Finally, Firethorn Wealth Partners LLC increased its stake in shares of AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on T shares. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Cowen reiterated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.10.

AT&T Stock Down 1.8%

Shares of NYSE:T opened at $27.61 on Friday. The company has a market capitalization of $198.63 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 3.51 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The business's 50-day moving average is $27.84 and its 200-day moving average is $26.27. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19.

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 (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 9.64% and a return on equity of 13.63%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. Equities research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

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 4.02%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is 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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