Walker Asset Management LLC Grows Stock Holdings in AT&T Inc. (NYSE:T)

Walker Asset Management LLC grew its position in AT&T Inc. (NYSE:TFree Report) by 2.2% during the first quarter, Holdings Channel reports. The institutional investor owned 52,037 shares of the technology company’s stock after acquiring an additional 1,121 shares during the quarter. Walker Asset Management LLC’s holdings in AT&T were worth $916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise lifted its position in AT&T by 28.4% during the first quarter. Banque Cantonale Vaudoise now owns 289,931 shares of the technology company’s stock valued at $5,103,000 after acquiring an additional 64,059 shares during the last quarter. Czech National Bank lifted its holdings in shares of AT&T by 0.5% during the 1st quarter. Czech National Bank now owns 1,258,419 shares of the technology company’s stock valued at $22,148,000 after purchasing an additional 5,689 shares during the last quarter. Signal Advisors Wealth LLC purchased a new position in AT&T during the 1st quarter worth $240,000. Welch Group LLC increased its position in AT&T by 1.5% during the 1st quarter. Welch Group LLC now owns 67,164 shares of the technology company’s stock valued at $1,182,000 after buying an additional 990 shares in the last quarter. Finally, Stolper Co raised its stake in AT&T by 22.2% in the first quarter. Stolper Co now owns 124,845 shares of the technology company’s stock valued at $2,197,000 after buying an additional 22,694 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on T shares. UBS Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of AT&T in a research report on Tuesday. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Scotiabank lifted their price objective on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research note on Thursday, April 25th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus price target of $21.54.

View Our Latest Stock Analysis on AT&T

AT&T Stock Performance

AT&T stock traded up $0.07 during mid-day trading on Friday, hitting $18.18. The company had a trading volume of 14,836,156 shares, compared to its average volume of 36,372,406. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $130.35 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 3.55 and a beta of 0.60. The company’s fifty day moving average is $17.28 and its 200-day moving average is $17.09. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.45.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The company had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same quarter last year, the business earned $0.60 earnings per share. The firm’s revenue was down .4% on a year-over-year basis. Equities research analysts predict that AT&T Inc. will post 2.24 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.11%. AT&T’s dividend payout ratio is currently 59.68%.

AT&T Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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