AT&T Inc. (NYSE:T) Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated boosted its position in shares of AT&T Inc. (NYSE:T) by 0.3% in the first quarter, HoldingsChannel.com reports. The fund owned 114,324 shares of the technology company’s stock after acquiring an additional 398 shares during the quarter. Silver Oak Securities Incorporated’s holdings in AT&T were worth $3,222,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at $25,000. Minot DeBlois Advisors LLC purchased a new stake in AT&T in the fourth quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in AT&T during the 4th quarter worth about $27,000. Marshall Investment Management LLC acquired a new stake in AT&T during the 4th quarter worth about $28,000. Finally, Tradewinds Capital Management LLC raised its stake in shares of AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Tigress Financial boosted their price target on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. TD Securities raised their price objective on shares of AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada lifted their target price on shares of AT&T from $28.00 to $30.00 and gave the company an “outperform” 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.76.

AT&T Stock Performance

NYSE:T opened at $27.65 on Thursday. The company has a market cap of $198.92 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.85 and a beta of 0.41. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. AT&T Inc. has a twelve month low of $17.90 and a twelve month high of $29.03. The company’s 50-day moving average price is $27.49 and its 200-day moving average price is $25.72.

AT&T (NYSE:T) last issued its 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 company had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. AT&T’s dividend payout ratio is currently 68.10%.

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.