AT&T Inc. (NYSE:T) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,309,658 shares of the technology company's stock after purchasing an additional 55,704 shares during the period. Wealthfront Advisers LLC's holdings in AT&T were worth $37,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in AT&T by 26.5% in the 4th quarter. Brighton Jones LLC now owns 48,579 shares of the technology company's stock valued at $1,106,000 after buying an additional 10,188 shares during the period. Proficio Capital Partners LLC boosted its position in AT&T by 39.7% in the 4th quarter. Proficio Capital Partners LLC now owns 28,782 shares of the technology company's stock valued at $655,000 after buying an additional 8,179 shares during the period. one8zero8 LLC purchased a new position in AT&T in the 4th quarter valued at approximately $534,000. Greenwich Wealth Management LLC purchased a new stake in shares of AT&T during the 4th quarter worth $263,000. Finally, Harbour Investments Inc. lifted its position in shares of AT&T by 1.5% during the 4th quarter. Harbour Investments Inc. now owns 144,254 shares of the technology company's stock worth $3,285,000 after purchasing an additional 2,068 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

NYSE T traded down $0.07 during trading on Wednesday, reaching $26.95. The company's stock had a trading volume of 21,921,026 shares, compared to its average volume of 36,473,628. 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 firm has a market cap of $193.89 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 3.37 and a beta of 0.42. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19. The business's fifty day moving average price is $27.77 and its 200-day moving average price is $26.38.

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

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.12%. AT&T's dividend payout ratio is presently 68.10%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on T shares. Morgan Stanley lifted their price objective on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Barclays lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company lifted their price objective on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.17.

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.