HF Advisory Group LLC Purchases 2,306 Shares of AT&T Inc. (NYSE:T)

HF Advisory Group LLC raised its position in shares of AT&T Inc. (NYSE:T) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,890 shares of the technology company’s stock after purchasing an additional 2,306 shares during the period. AT&T accounts for approximately 1.1% of HF Advisory Group LLC’s portfolio, making the stock its 25th largest holding. HF Advisory Group LLC’s holdings in AT&T were worth $2,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock worth $14,637,914,000 after acquiring an additional 6,220,442 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC boosted its holdings in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock worth $1,948,943,000 after acquiring an additional 5,649,277 shares during the period. Finally, Norges Bank bought a new position in shares of AT&T in the fourth quarter worth $1,858,418,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Down 2.0%

T opened at $27.41 on Thursday. The company has a market cap of $197.23 billion, a P/E ratio of 18.40, a P/E/G ratio of 3.00 and a beta of 0.41. The business’s 50-day moving average price is $27.34 and its 200-day moving average price is $25.38. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. AT&T Inc. has a 12 month low of $17.42 and a 12 month high of $29.03.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.05%. AT&T’s payout ratio is presently 68.10%.

Wall Street Analysts Forecast Growth

T has been the subject of several research analyst reports. Williams Trading set a $30.00 price objective on AT&T in a research note on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. BNP Paribas raised AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. Evercore ISI lifted their price objective on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus 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.