AT&T Inc. (NYSE:T) Position Increased by Capital Square LLC

Capital Square LLC lifted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 35.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,936 shares of the technology company's stock after purchasing an additional 9,940 shares during the period. Capital Square LLC's holdings in AT&T were worth $862,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of T. Marshall Investment Management LLC purchased a new position in AT&T during the fourth quarter worth $28,000. Tradewinds Capital Management LLC boosted its stake in shares of AT&T by 48.6% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after acquiring an additional 430 shares during the last quarter. YANKCOM Partnership purchased a new stake in AT&T during the 4th quarter worth about $30,000. Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at about $34,000. Finally, McClarren Financial Advisors Inc. purchased a new position in AT&T in the 4th quarter valued at about $35,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Up 0.4 %

Shares of T traded up $0.10 during midday trading on Friday, reaching $27.12. 24,758,386 shares of the company were exchanged, compared to its average volume of 36,700,813. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The stock has a 50-day moving average price of $26.84 and a 200-day moving average price of $24.14. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a market cap of $194.67 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.2775 dividend. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.09%. AT&T's payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on T. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research report on Thursday, February 13th. StockNews.com downgraded AT&T from a "buy" rating to a "hold" rating in a report on Thursday. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Monday, April 7th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Wednesday, January 29th. Finally, Tigress Financial increased their target price on AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.24.

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.