Southeast Asset Advisors LLC Invests $393,000 in AT&T Inc. $T

Key Points

• Southeast Asset Advisors LLC acquired 13,910 shares of AT&T Inc., valued at approximately $393,000, during the first quarter.
• AT&T's recent quarterly earnings report revealed an EPS of $0.54, exceeding estimates, with revenue rising 3.4% year-over-year to $30.85 billion.
• The company has a quarterly dividend yield of 3.9%, paying $0.2775 per share, with a payout ratio of 63.07%.

Southeast Asset Advisors LLC purchased a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,910 shares of the technology company's stock, valued at approximately $393,000.

A number of other institutional investors have also bought and sold shares of T. Minot DeBlois Advisors LLC bought a new stake in AT&T during the fourth quarter valued at $25,000. Capital A Wealth Management LLC bought a new stake in AT&T during the fourth quarter valued at $25,000. Stone House Investment Management LLC bought a new stake in AT&T during the first quarter valued at $25,000. Putney Financial Group LLC bought a new stake in AT&T during the fourth quarter valued at $27,000. Finally, Hager Investment Management Services LLC boosted its position in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group reissued a "buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research report on Thursday, July 24th. Morgan Stanley increased their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.21.

AT&T Stock Performance

Shares of T remained flat at $28.77 on Monday. 19,326,142 shares of the company were exchanged, compared to its average volume of 30,015,808. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $19.59 and a 12 month high of $29.65. The firm has a market cap of $205.72 billion, a PE ratio of 16.35, a PEG ratio of 3.56 and a beta of 0.42. The company has a fifty day moving average of $28.01 and a two-hundred day moving average of $27.43.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same quarter last year, the firm earned $0.51 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.9%. AT&T's dividend payout ratio (DPR) is 63.07%.

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.