AT&T Inc. (NYSE:T) Shares Acquired by Kowal Investment Group LLC

Kowal Investment Group LLC increased its position in shares of AT&T Inc. (NYSE:TFree Report) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 64,394 shares of the technology company’s stock after buying an additional 3,043 shares during the period. Kowal Investment Group LLC’s holdings in AT&T were worth $1,133,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Morningstar Investment Services LLC bought a new stake in shares of AT&T in the 3rd quarter worth about $241,000. Caxton Associates LP acquired a new stake in AT&T during the third quarter valued at approximately $249,000. United Services Automobile Association lifted its holdings in AT&T by 16.0% during the 3rd quarter. United Services Automobile Association now owns 186,854 shares of the technology company’s stock worth $2,807,000 after buying an additional 25,821 shares during the last quarter. Logan Capital Management Inc. grew its position in shares of AT&T by 14.6% in the 3rd quarter. Logan Capital Management Inc. now owns 987,393 shares of the technology company’s stock worth $14,831,000 after acquiring an additional 125,672 shares in the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in shares of AT&T in the 3rd quarter valued at approximately $928,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Price Performance

Shares of T stock traded down $0.21 during mid-day trading on Monday, hitting $18.90. 20,100,478 shares of the stock traded hands, compared to its average volume of 36,766,363. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $135.52 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 4.34 and a beta of 0.58. The company’s 50-day simple moving average is $17.57 and its 200-day simple moving average is $17.18. AT&T Inc. has a twelve month low of $13.43 and a twelve month high of $19.32.

AT&T (NYSE:TGet Free Report) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. During the same period in the previous year, the company earned $0.60 earnings per share. AT&T’s revenue was down .4% compared to the same quarter last year. As a group, equities research analysts expect that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.87%. The ex-dividend date is Wednesday, July 10th. AT&T’s dividend payout ratio is presently 59.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on T shares. StockNews.com downgraded shares of AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday. UBS Group reiterated a “buy” rating and set a $24.00 price target on shares of AT&T in a research report on Tuesday, June 18th. BNP Paribas raised AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, June 11th. Finally, The Goldman Sachs Group initiated coverage on shares of AT&T in a report on Monday. They set a “buy” rating and a $22.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

Check Out Our Latest Stock Analysis on T

AT&T Company Profile

(Free Report)

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

Featured Articles

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:TFree Report).

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

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.