Foundations Investment Advisors LLC Buys 58,380 Shares of AT&T Inc. (NYSE:T)

Foundations Investment Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T) by 16.8% during the first quarter, Holdings Channel.com reports. The fund owned 406,399 shares of the technology company’s stock after purchasing an additional 58,380 shares during the quarter. Foundations Investment Advisors LLC’s holdings in AT&T were worth $11,493,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of T. Keystone Financial Group raised its position in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock valued at $5,322,000 after buying an additional 143,744 shares in the last quarter. Capstone Wealth Management LLC acquired a new position in shares of AT&T in the 1st quarter valued at approximately $201,000. World Investment Advisors raised its position in shares of AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock valued at $5,407,000 after buying an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. raised its position in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock valued at $65,255,000 after buying an additional 365,776 shares in the last quarter. Finally, Huber Capital Management LLC raised its position in shares of AT&T by 2.7% in the 4th quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company’s stock valued at $13,161,000 after buying an additional 15,000 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on T. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a report on Thursday, April 24th. Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Hsbc Global Res lowered shares of AT&T from a “strong-buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.66.

AT&T Trading Up 0.3%

T opened at $28.02 on Monday. The firm has a market capitalization of $201.58 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 3.49 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $18.64 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The company’s 50 day moving average price is $27.81 and its two-hundred day moving average price is $26.68.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.96%. AT&T’s dividend payout ratio (DPR) is currently 63.07%.

AT&T 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.