Telos Capital Management Inc. Invests $418,000 in AT&T Inc. (NYSE:T)

Telos Capital Management Inc. purchased a new stake in AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,788 shares of the technology company's stock, valued at approximately $418,000.

Other large investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of AT&T during the first quarter valued at approximately $276,000. Round Rock Advisors LLC acquired a new position in shares of AT&T during the first quarter valued at approximately $264,000. Allworth Financial LP increased its stake in shares of AT&T by 3.8% during the first quarter. Allworth Financial LP now owns 1,478,015 shares of the technology company's stock valued at $40,690,000 after acquiring an additional 54,098 shares during the period. Stonebrook Private Inc. increased its stake in shares of AT&T by 10.7% during the first quarter. Stonebrook Private Inc. now owns 11,202 shares of the technology company's stock valued at $317,000 after acquiring an additional 1,087 shares during the period. Finally, Sharpepoint LLC increased its stake in shares of AT&T by 17.1% during the first quarter. Sharpepoint LLC now owns 87,354 shares of the technology company's stock valued at $2,385,000 after acquiring an additional 12,757 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Performance

T traded down $0.65 during trading on Friday, hitting $26.97. The stock had a trading volume of 42,637,282 shares, compared to its average volume of 36,511,220. The firm has a market cap of $194.07 billion, a PE ratio of 16.55, a P/E/G ratio of 3.37 and a beta of 0.42. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.19. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a 50 day simple moving average of $27.82 and a 200-day simple moving average of $26.32.

AT&T (NYSE:T - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 EPS. Analysts expect 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 will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 4.12%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

A number of research firms recently commented on T. Scotiabank raised their price objective on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Thursday, April 24th. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Williams Trading set a $30.00 price target on shares of AT&T in a research report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus price target of $29.12.

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.