AT&T Inc. (NYSE:T) Position Lifted by United Community Bank

United Community Bank boosted its position in AT&T Inc. (NYSE:T - Free Report) by 127.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,197 shares of the technology company's stock after purchasing an additional 70,103 shares during the period. AT&T comprises approximately 1.3% of United Community Bank's portfolio, making the stock its 9th biggest holding. United Community Bank's holdings in AT&T were worth $3,541,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Core Alternative Capital raised its holdings in AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after acquiring an additional 568 shares during the period. Capital A Wealth Management LLC bought a new stake in AT&T during the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC bought a new stake in AT&T during the 4th quarter valued at $25,000. Putney Financial Group LLC bought a new stake in AT&T during the 4th quarter valued at $27,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in AT&T during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Down 0.6%

Shares of T traded down $0.16 on Tuesday, hitting $27.00. 32,167,335 shares of the stock traded hands, compared to its average volume of 36,481,583. The company has a market capitalization of $194.28 billion, a PE ratio of 16.56, a P/E/G ratio of 3.39 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The business has a 50 day simple moving average of $27.79 and a 200 day simple moving average of $26.38. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted 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 13.63% and a net margin of 9.64%. 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 firm posted $0.55 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on T shares. JPMorgan Chase & Co. upped their price target on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Williams Trading set a $30.00 price target on shares of AT&T in a report on Thursday, April 24th. Evercore ISI upped their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a sell rating, six have assigned 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 stock presently has an average rating of "Moderate Buy" and an average target price of $29.12.

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.