AT&T Inc. (NYSE:T) Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC grew its stake in AT&T Inc. (NYSE:T) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,972 shares of the technology company’s stock after purchasing an additional 2,374 shares during the quarter. Chesley Taft & Associates LLC’s holdings in AT&T were worth $686,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Viking Fund Management LLC grew its holdings in shares of AT&T by 15.4% during the first quarter. Viking Fund Management LLC now owns 75,000 shares of the technology company’s stock valued at $1,320,000 after purchasing an additional 10,000 shares during the last quarter. Mosley Wealth Management acquired a new position in AT&T during the 1st quarter valued at about $331,000. Exeter Financial LLC grew its position in AT&T by 53.5% in the 1st quarter. Exeter Financial LLC now owns 46,843 shares of the technology company’s stock worth $823,000 after purchasing an additional 16,323 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of AT&T by 9.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 73,404 shares of the technology company’s stock valued at $1,292,000 after purchasing an additional 6,064 shares during the period. Finally, Revolve Wealth Partners LLC acquired a new stake in shares of AT&T in the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on T shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a report on Thursday, April 11th. StockNews.com lowered AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. UBS Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of AT&T in a report on Tuesday, June 18th. Oppenheimer reissued an “outperform” rating and set a $21.00 target price on shares of AT&T in a research note on Tuesday. Finally, BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $21.54.

AT&T Trading Up 0.6 %

Shares of NYSE:T opened at $18.86 on Friday. The stock has a market capitalization of $135.23 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 4.26 and a beta of 0.60. AT&T Inc. has a 1-year low of $13.43 and a 1-year high of $18.89. The company has a 50 day moving average price of $17.47 and a 200 day moving average price of $17.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business had revenue of $30.03 billion during the quarter, compared to analyst estimates of $30.62 billion. During the same period last year, the company posted $0.60 EPS. The company’s revenue was down .4% compared to the same quarter last year. On average, research analysts anticipate that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be paid a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, July 10th. AT&T’s dividend payout ratio is presently 59.68%.

About AT&T

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.