GSB Wealth Management LLC Acquires 1,046 Shares of AT&T Inc. (NYSE:T)

GSB Wealth Management LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 8.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,796 shares of the technology company’s stock after acquiring an additional 1,046 shares during the quarter. GSB Wealth Management LLC’s holdings in AT&T were worth $390,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of T. Vanguard Group Inc. grew its holdings in shares of AT&T by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the last quarter. GQG Partners LLC grew its holdings in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company’s stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of AT&T during the 4th quarter valued at approximately $1,858,418,000. 57.10% of the stock is owned by institutional investors.

AT&T Stock Performance

Shares of T stock opened at $27.65 on Wednesday. The firm has a 50-day moving average of $27.47 and a 200-day moving average of $25.71. The company has a market cap of $198.92 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.89 and a beta of 0.41. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a one year low of $17.86 and a one year high of $29.03.

AT&T (NYSE:T) last announced its earnings results 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 firm had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research 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 issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.02%. AT&T’s dividend payout ratio (DPR) is presently 68.10%.

Analyst Ratings Changes

T has been the topic of a number of research reports. Citigroup reissued a “buy” rating on shares of AT&T in a report on Monday, April 7th. JPMorgan Chase & Co. boosted their target price on shares of AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. TD Securities boosted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Royal Bank Of Canada boosted their target price on shares of AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Finally, Barclays boosted their target price on shares of AT&T from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.