Steigerwald Gordon & Koch Inc. Buys 10,572 Shares of AT&T Inc. (NYSE:T)

Steigerwald Gordon & Koch Inc. boosted its position in AT&T Inc. (NYSE:T - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 389,040 shares of the technology company's stock after buying an additional 10,572 shares during the quarter. Steigerwald Gordon & Koch Inc.'s holdings in AT&T were worth $11,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Norges Bank bought a new position in AT&T in the fourth quarter valued at approximately $1,858,418,000. GQG Partners LLC boosted its stake in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after acquiring an additional 12,881,578 shares during the period. Northern Trust Corp boosted its stake in shares of AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after acquiring an additional 10,945,679 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after acquiring an additional 9,719,036 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Price Performance

Shares of AT&T stock traded up $0.40 during trading on Thursday, reaching $27.76. 29,163,177 shares of the company's stock were exchanged, compared to its average volume of 36,705,607. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1-year low of $17.42 and a 1-year high of $29.03. The company has a market cap of $199.72 billion, a P/E ratio of 18.63, a PEG ratio of 3.00 and a beta of 0.41. The firm's 50-day moving average price is $27.34 and its 200 day moving average price is $25.38.

AT&T (NYSE:T - Get Free Report) last posted its quarterly 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). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the firm posted $0.55 EPS. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders 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 dividend on an annualized basis and a yield of 4.00%. AT&T's payout ratio is presently 68.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on T shares. Royal Bank of Canada lifted their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" 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. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. TD Securities lifted their price target on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Morgan Stanley reissued an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.71.

AT&T 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.