Xponance Inc. Has $31.39 Million Stock Position in AT&T Inc. (NYSE:T)

Xponance Inc. lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,109,933 shares of the technology company's stock after purchasing an additional 102,419 shares during the quarter. Xponance Inc.'s holdings in AT&T were worth $31,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in T. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the 4th quarter worth $25,000. Putney Financial Group LLC acquired a new stake in AT&T during the 4th quarter worth about $27,000. Core Alternative Capital lifted its holdings in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the period. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of AT&T in the 4th quarter valued at about $30,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on T shares. JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. TD Securities increased their target price on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Tigress Financial increased their target price on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Finally, Bank of America initiated coverage on AT&T in a research report on Monday. They issued a "buy" rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.12.

AT&T Stock Performance

NYSE T traded down $0.65 on Friday, hitting $26.97. The stock had a trading volume of 42,637,282 shares, compared to its average volume of 36,516,853. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The stock has a market cap of $194.07 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 3.45 and a beta of 0.42. The company's 50-day moving average is $27.84 and its two-hundred day moving average is $26.27.

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

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. AT&T's dividend payout ratio is currently 68.10%.

AT&T Company 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.