Disciplined Equity Management Inc. Has $1.17 Million Stock Holdings in AT&T Inc. (NYSE:T)

Disciplined Equity Management Inc. decreased its stake in AT&T Inc. (NYSE:T) by 25.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,352 shares of the technology company’s stock after selling 14,300 shares during the quarter. AT&T accounts for about 0.8% of Disciplined Equity Management Inc.’s investment portfolio, making the stock its 18th largest holding. Disciplined Equity Management Inc.’s holdings in AT&T were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Greenspring Advisors LLC purchased a new stake in shares of AT&T in the first quarter valued at $205,000. Miracle Mile Advisors LLC raised its position in AT&T by 8.2% during the first quarter. Miracle Mile Advisors LLC now owns 37,968 shares of the technology company’s stock valued at $1,074,000 after buying an additional 2,890 shares during the period. Charter Oak Capital Management LLC lifted its stake in AT&T by 2.7% in the 1st quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company’s stock worth $431,000 after acquiring an additional 408 shares in the last quarter. Wedmont Private Capital boosted its position in AT&T by 7.9% during the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company’s stock worth $3,302,000 after acquiring an additional 9,027 shares during the period. Finally, UMB Bank n.a. boosted its position in AT&T by 1.9% during the 1st quarter. UMB Bank n.a. now owns 179,776 shares of the technology company’s stock worth $5,084,000 after acquiring an additional 3,266 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on T. Tigress Financial upped their target price on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, TD Securities increased their price objective on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.71.

AT&T Stock Performance

NYSE:T opened at $28.09 on Friday. The firm has a market capitalization of $202.12 billion, a PE ratio of 18.85, a PEG ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 1 year low of $17.42 and a 1 year high of $29.03. 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 firm’s fifty day simple moving average is $27.32 and its 200 day simple moving average is $25.47.

AT&T (NYSE:T) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. On average, sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

About AT&T

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.