Traphagen Investment Advisors LLC Grows Position in AT&T Inc. (NYSE:T)

Traphagen Investment Advisors LLC lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 61.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,115 shares of the technology company's stock after buying an additional 15,244 shares during the period. Traphagen Investment Advisors LLC's holdings in AT&T were worth $1,134,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Next Level Private LLC raised its holdings in shares of AT&T by 0.3% during the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after buying an additional 379 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock worth $550,000 after purchasing an additional 384 shares during the period. Kozak & Associates Inc. increased its stake in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock worth $126,000 after purchasing an additional 398 shares during the period. Firethorn Wealth Partners LLC increased its stake in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock worth $286,000 after purchasing an additional 399 shares during the period. Finally, Charter Oak Capital Management LLC increased its stake in AT&T by 2.7% in the 1st quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock worth $431,000 after purchasing an additional 408 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Trading Down 0.5%

NYSE T opened at $28.13 on Monday. AT&T Inc. has a 12 month low of $17.49 and a 12 month high of $29.03. The stock has a market cap of $202.43 billion, a P/E ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. The stock's fifty day moving average price is $27.41 and its 200-day moving average price is $25.66. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last released its 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 company had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T's dividend payout ratio is currently 68.10%.

Analysts Set New Price Targets

A number of brokerages have commented on T. Evercore ISI lifted their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research note on Thursday, April 24th. Finally, Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $28.71.

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.

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