AT&T Inc. (NYSE:T) Shares Purchased by Beacon Capital Management LLC

Beacon Capital Management LLC grew its stake in shares of AT&T Inc. (NYSE:T) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 16,245 shares of the technology company’s stock after acquiring an additional 792 shares during the period. Beacon Capital Management LLC’s holdings in AT&T were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors 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 about $25,000. Capital A Wealth Management LLC bought a new stake in shares of AT&T during the 4th quarter worth about $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T during the 4th quarter worth about $27,000. Marshall Investment Management LLC bought a new stake in shares of AT&T during the 4th quarter worth about $28,000. Finally, Tradewinds Capital Management LLC raised its position in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock worth $30,000 after buying an additional 430 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 1.2%

Shares of NYSE:T opened at $27.65 on Wednesday. The firm has a fifty day moving average of $27.47 and a two-hundred day moving average of $25.71. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. AT&T Inc. has a 12-month low of $17.86 and a 12-month high of $29.03. The firm has a market capitalization of $198.92 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 3.89 and a beta of 0.41.

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

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued 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 yield of 4.02%. AT&T’s dividend payout ratio is currently 68.10%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on T shares. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, April 24th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, April 24th. Oppenheimer boosted their target price on shares of AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Williams Trading set a $30.00 target price on shares of AT&T in a report on Thursday, April 24th. Finally, Royal Bank Of Canada boosted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. 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 company. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $28.71.

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.