AT&T Inc. (NYSE:T) Shares Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC increased its holdings in AT&T Inc. (NYSE:T) by 94.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,872 shares of the technology company’s stock after buying an additional 15,448 shares during the quarter. Donaldson Capital Management LLC’s holdings in AT&T were worth $901,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in T. Norges Bank acquired a new position in AT&T during the 4th quarter valued at about $1,858,418,000. GQG Partners LLC lifted its stake in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of AT&T by 31.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares in the last quarter. Northern Trust Corp increased its stake in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock valued at $1,779,438,000 after acquiring an additional 10,945,679 shares during the period. Finally, Assetmark Inc. increased its stake in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock valued at $225,741,000 after acquiring an additional 9,719,036 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank restated an “outperform” rating on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer upped their price objective on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their target price on AT&T from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of AT&T 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus price target of $28.71.

AT&T Trading Down 0.4%

AT&T stock opened at $28.32 on Thursday. AT&T Inc. has a 52 week low of $17.42 and a 52 week high of $29.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market capitalization of $203.74 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 3.00 and a beta of 0.41. The company has a 50 day moving average price of $27.35 and a 200 day moving average price of $25.56.

AT&T (NYSE:T) last released 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 business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS. Research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is 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.