Tiedemann Advisors LLC boosted its stake in shares of AT&T Inc. (NYSE:T) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,492 shares of the technology company’s stock after buying an additional 1,844 shares during the quarter. Tiedemann Advisors LLC’s holdings in AT&T were worth $831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in T. Garrett Wealth Advisory Group LLC raised its stake in AT&T by 2.0% during the 4th quarter. Garrett Wealth Advisory Group LLC now owns 13,307 shares of the technology company’s stock worth $520,000 after buying an additional 263 shares during the period. FCA Corp TX raised its stake in AT&T by 4.2% during the 4th quarter. FCA Corp TX now owns 6,685 shares of the technology company’s stock worth $261,000 after buying an additional 272 shares during the period. Hurlow Wealth Management Group Inc. raised its stake in AT&T by 2.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 10,978 shares of the technology company’s stock worth $416,000 after buying an additional 292 shares during the period. Cibc Bank USA raised its stake in AT&T by 0.9% during the 4th quarter. Cibc Bank USA now owns 33,133 shares of the technology company’s stock worth $1,295,000 after buying an additional 299 shares during the period. Finally, American Asset Management Inc. raised its stake in AT&T by 1.1% during the 4th quarter. American Asset Management Inc. now owns 27,063 shares of the technology company’s stock worth $1,058,000 after buying an additional 300 shares during the period. 56.12% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:T opened at $28.31 on Friday. The company has a market cap of $203.35 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.64 and a beta of 0.72. The stock’s fifty day moving average price is $29.73 and its two-hundred day moving average price is $35.65. AT&T Inc. has a 1 year low of $26.08 and a 1 year high of $39.70. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.76 and a quick ratio of 0.76.

AT&T (NYSE:T) last posted its earnings results on Wednesday, April 22nd. The technology company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). The company had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $44.75 billion. AT&T had a return on equity of 13.27% and a net margin of 8.05%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, analysts expect that AT&T Inc. will post 3.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $2.08 annualized dividend and a dividend yield of 7.35%. AT&T’s dividend payout ratio is currently 58.26%.

In other AT&T news, Director Stephen J. Luczo acquired 36,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average price of $29.38 per share, for a total transaction of $1,057,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey Y. Yang acquired 6,754 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $29.39 per share, for a total transaction of $198,500.06. Following the transaction, the director now directly owns 9,398 shares of the company’s stock, valued at approximately $276,207.22. The disclosure for this purchase can be found here. Company insiders own 0.07% of the company’s stock.

A number of research analysts recently weighed in on T shares. Wells Fargo & Co dropped their price target on AT&T from $36.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Friday, April 3rd. Cowen lowered AT&T from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $43.00 to $37.00 in a report on Monday, March 23rd. Nomura Securities decreased their price objective on AT&T from $44.00 to $39.00 and set a “buy” rating for the company in a report on Monday, March 30th. Citigroup decreased their price objective on AT&T from $42.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Argus reissued a “buy” rating on shares of AT&T in a report on Friday, March 27th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and a consensus price target of $36.15.

About AT&T

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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