AT&T Inc. (NYSE:T) Stake Lifted by Breakwater Capital Group

Breakwater Capital Group boosted its stake in AT&T Inc. (NYSE:T) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,577 shares of the technology company’s stock after buying an additional 1,842 shares during the period. Breakwater Capital Group’s holdings in AT&T were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of AT&T by 26.5% during 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. Calamos Wealth Management LLC increased its stake in AT&T by 18.2% during the 4th quarter. Calamos Wealth Management LLC now owns 15,280 shares of the technology company’s stock valued at $348,000 after buying an additional 2,354 shares during the period. Mather Group LLC. raised its position in shares of AT&T by 13.0% during the 4th quarter. Mather Group LLC. now owns 46,197 shares of the technology company’s stock worth $1,052,000 after buying an additional 5,306 shares in the last quarter. Cassia Capital Partners LLC lifted its stake in shares of AT&T by 19.9% in the 4th quarter. Cassia Capital Partners LLC now owns 46,377 shares of the technology company’s stock worth $1,056,000 after acquiring an additional 7,687 shares during the period. Finally, Sargent Investment Group LLC bought a new position in shares of AT&T in the fourth quarter valued at approximately $505,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

T opened at $27.41 on Thursday. The firm has a market capitalization of $197.23 billion, a P/E ratio of 18.40, a PEG ratio of 3.00 and a beta of 0.41. The stock has a fifty day moving average of $27.34 and a 200-day moving average of $25.38. The company has a quick ratio of 0.62, a current ratio of 0.66 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 announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on T shares. Wells Fargo & Company raised their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Tigress Financial raised their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $28.71.

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.