Simon Quick Advisors LLC Increases Position in AT&T Inc. (NYSE:T)

Simon Quick Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 23.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,045 shares of the technology company's stock after buying an additional 12,525 shares during the period. Simon Quick Advisors LLC's holdings in AT&T were worth $1,839,000 as of its most recent SEC filing.

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

AT&T Trading Down 0.3%

Shares of T stock traded down $0.09 on Thursday, reaching $28.25. 23,283,172 shares of the company's stock were exchanged, compared to its average volume of 36,642,515. AT&T Inc. has a 52 week low of $17.42 and a 52 week high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $203.28 billion, a PE ratio of 18.96, a P/E/G ratio of 3.00 and a beta of 0.41. The company's fifty day simple moving average is $27.35 and its 200 day simple moving average is $25.56.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results 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 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 was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The company 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. This represents a $1.11 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on T shares. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Evercore ISI boosted their target price 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. JPMorgan Chase & Co. boosted their target price on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Williams Trading set a $30.00 target price on AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.