Swmg LLC Invests $459,000 in AT&T Inc. (NYSE:T)

Swmg LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,130 shares of the technology company's stock, valued at approximately $459,000.

A number of other hedge funds have also modified their holdings of T. Capital A Wealth Management LLC bought a new stake in AT&T in the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC acquired a new position in AT&T during the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new position in AT&T during the 4th quarter worth approximately $27,000. Ball & Co Wealth Management Inc. bought a new stake in shares of AT&T in the fourth quarter worth $30,000. Finally, REAP Financial Group LLC boosted its holdings in AT&T by 115.2% during the fourth quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock worth $31,000 after purchasing an additional 727 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

T traded down $0.56 on Wednesday, reaching $28.32. The stock had a trading volume of 46,984,239 shares, compared to its average volume of 36,448,016. The firm has a 50-day moving average of $27.72 and a 200-day moving average of $26.03. AT&T Inc. has a fifty-two week low of $18.14 and a fifty-two week high of $29.19. The company has a market capitalization of $203.78 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 4.11 and a beta of 0.42. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter in the previous year, the business posted $0.55 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on T shares. Evercore ISI increased their price target on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Barclays raised their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. TD Securities upped their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Tigress Financial lifted their target price on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.90.

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.