Tounjian Advisory Partners LLC Makes New Investment in AT&T Inc. (NYSE:T)

Tounjian Advisory Partners LLC bought a new stake in AT&T Inc. (NYSE:T) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 128,398 shares of the technology company’s stock, valued at approximately $3,631,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Consolidated Planning Corp boosted its position in shares of AT&T by 7.4% during the 4th quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company’s stock valued at $7,288,000 after acquiring an additional 21,927 shares during the last quarter. Keystone Financial Group raised its stake in AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock worth $5,322,000 after purchasing an additional 143,744 shares during the period. World Investment Advisors boosted its holdings in AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after purchasing an additional 63,359 shares during the last quarter. DigitalBridge Group Inc. boosted its holdings in AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after purchasing an additional 365,776 shares during the last quarter. Finally, Fortress Financial Solutions LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $691,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 1.2%

AT&T stock opened at $28.09 on Monday. The stock has a market cap of $202.12 billion, a PE ratio of 18.85, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock’s fifty day moving average is $27.32 and its two-hundred day moving average is $25.49. AT&T Inc. has a 1-year low of $17.42 and a 1-year high of $29.03.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for 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%. AT&T’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, sell-side analysts expect 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. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. AT&T’s dividend payout ratio is presently 68.10%.

Analyst Ratings Changes

T has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Williams Trading set a $30.00 target price on AT&T in a research report on Thursday, April 24th. Oppenheimer upped their price target on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Cowen reissued a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Finally, BNP Paribas upgraded shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price objective on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently 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.