AT&T Inc. $T Shares Acquired by GM Advisory Group LLC

GM Advisory Group LLC lifted its position in shares of AT&T Inc. (NYSE:T) by 281.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,825 shares of the technology company’s stock after buying an additional 84,723 shares during the period. GM Advisory Group LLC’s holdings in AT&T were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its position in AT&T by 26.5% in the fourth quarter. Brighton Jones LLC now owns 48,579 shares of the technology company’s stock valued at $1,106,000 after purchasing an additional 10,188 shares during the period. Yoffe Investment Management LLC purchased a new stake in AT&T in the fourth quarter valued at approximately $213,000. TD Waterhouse Canada Inc. raised its position in AT&T by 6.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 851,823 shares of the technology company’s stock valued at $19,405,000 after purchasing an additional 52,787 shares during the period. J. Safra Sarasin Holding AG purchased a new stake in AT&T in the fourth quarter valued at approximately $638,000. Finally, Fayez Sarofim & Co raised its position in AT&T by 52.1% in the fourth quarter. Fayez Sarofim & Co now owns 36,221 shares of the technology company’s stock valued at $825,000 after purchasing an additional 12,409 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial reissued a “strong-buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Evercore ISI boosted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an “in-line” rating in a research note on Thursday, April 24th. Scotiabank boosted their price target on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. Finally, Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average price target of $30.21.

AT&T Price Performance

AT&T stock opened at $28.9480 on Wednesday. The stock has a market cap of $206.99 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.42. The company has a fifty day simple moving average of $27.94 and a 200-day simple moving average of $27.28. AT&T Inc. has a 12-month low of $19.39 and a 12-month high of $29.19. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. 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 Friday, August 1st. Stockholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T’s payout ratio is 63.07%.

AT&T 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.