Stephens Inc. AR Has $21.64 Million Holdings in AT&T Inc. (NYSE:T)

Stephens Inc. AR increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 58.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,118 shares of the technology company's stock after acquiring an additional 281,124 shares during the period. Stephens Inc. AR's holdings in AT&T were worth $21,638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in AT&T during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $25,000. Putney Financial Group LLC bought a new position in AT&T during the fourth quarter worth $27,000. Core Alternative Capital increased its position in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after acquiring an additional 568 shares during the period. Finally, Ball & Co Wealth Management Inc. bought a new position in AT&T during the fourth quarter worth $30,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Evercore ISI boosted their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Royal Bank Of Canada boosted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.12.

AT&T Trading Down 2.4%

AT&T stock traded down $0.65 during trading hours on Friday, reaching $26.97. 42,637,282 shares of the company's stock traded hands, compared to its average volume of 36,511,220. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The firm has a market capitalization of $194.07 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 3.37 and a beta of 0.42. The firm's 50 day moving average is $27.82 and its 200-day moving average is $26.32.

AT&T (NYSE:T - Get Free Report) last announced 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 net margin of 9.64% and a return on equity of 13.63%. The company had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period last year, the company earned $0.55 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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