Stratos Investment Management LLC Buys 6,925 Shares of AT&T Inc. (NYSE:T)

Stratos Investment Management LLC raised its position in shares of AT&T Inc. (NYSE:T) by 74.1% during the 1st quarter, Holdings Channel reports. The fund owned 16,275 shares of the technology company’s stock after purchasing an additional 6,925 shares during the period. Stratos Investment Management LLC’s holdings in AT&T were worth $460,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of T. Liberty One Investment Management LLC purchased a new stake in AT&T in the first quarter valued at about $28,353,000. Hourglass Capital LLC boosted its stake in shares of AT&T by 1.5% in the first quarter. Hourglass Capital LLC now owns 194,750 shares of the technology company’s stock worth $5,508,000 after acquiring an additional 2,790 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in AT&T by 37.4% during the first quarter. Alpha Cubed Investments LLC now owns 31,679 shares of the technology company’s stock worth $896,000 after buying an additional 8,623 shares in the last quarter. Horst & Graben Wealth Management LLC raised its position in AT&T by 3.0% in the first quarter. Horst & Graben Wealth Management LLC now owns 15,319 shares of the technology company’s stock valued at $433,000 after purchasing an additional 453 shares during the period. Finally, Capital Management Associates Inc purchased a new stake in AT&T during the first quarter worth about $498,000. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of NYSE T opened at $28.30 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a 50 day moving average price of $27.83 and a 200 day moving average price of $26.23. The stock has a market capitalization of $203.64 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 4.67 and a beta of 0.42. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. AT&T’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. Analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T’s payout ratio is presently 68.10%.

Analysts Set New Price Targets

T has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, June 17th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer lifted their price objective on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 price objective (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T has an average rating of “Moderate Buy” and a consensus target price of $29.05.

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.