17,912 Shares in AT&T Inc. (NYSE:T) Purchased by Jackson Wealth Management LLC

Jackson Wealth Management LLC acquired a new position in shares of AT&T Inc. (NYSE:T) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,912 shares of the technology company’s stock, valued at approximately $507,000.

Other large investors have also made changes to their positions in the company. Core Alternative Capital increased its stake in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company’s stock valued at $29,000 after acquiring an additional 568 shares during the period. Capital A Wealth Management LLC bought a new position in AT&T during the fourth quarter valued at about $25,000. Minot DeBlois Advisors LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC bought a new stake in shares of AT&T in the 4th quarter valued at approximately $27,000. Finally, Ball & Co Wealth Management Inc. bought a new stake in shares of AT&T in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

T stock opened at $28.33 on Friday. The business’s fifty day moving average is $27.79 and its 200-day moving average is $26.15. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The company has a market cap of $203.82 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.42. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share 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 net margin of 9.64% and a return on equity of 13.63%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

Analysts Set New Price Targets

Several research firms have recently weighed in on T. Cowen reiterated a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. Scotiabank reiterated an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on AT&T from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Finally, Tigress Financial upped their price objective on AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.90.

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.