Winthrop Advisory Group LLC Purchases 3,921 Shares of AT&T Inc. (NYSE:T)

Winthrop Advisory Group LLC raised its position in shares of AT&T Inc. (NYSE:TGet Rating) by 33.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,553 shares of the technology company’s stock after purchasing an additional 3,921 shares during the quarter. Winthrop Advisory Group LLC’s holdings in AT&T were worth $368,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in T. TPG Financial Advisors LLC grew its stake in shares of AT&T by 3.4% in the fourth quarter. TPG Financial Advisors LLC now owns 11,147 shares of the technology company’s stock worth $274,000 after acquiring an additional 369 shares during the period. Breiter Capital Management Inc. boosted its holdings in shares of AT&T by 3.8% in the fourth quarter. Breiter Capital Management Inc. now owns 10,152 shares of the technology company’s stock worth $250,000 after buying an additional 370 shares during the last quarter. Bristlecone Advisors LLC boosted its holdings in shares of AT&T by 4.6% in the fourth quarter. Bristlecone Advisors LLC now owns 9,572 shares of the technology company’s stock worth $235,000 after buying an additional 422 shares during the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of AT&T by 15.9% in the fourth quarter. Atlas Capital Advisors LLC now owns 3,079 shares of the technology company’s stock worth $76,000 after buying an additional 422 shares during the last quarter. Finally, Barber Financial Group Inc. boosted its holdings in shares of AT&T by 1.1% in the first quarter. Barber Financial Group Inc. now owns 39,438 shares of the technology company’s stock worth $932,000 after buying an additional 424 shares during the last quarter. Institutional investors and hedge funds own 53.47% of the company’s stock.

T has been the topic of several analyst reports. StockNews.com raised shares of AT&T from a “hold” rating to a “buy” rating in a report on Monday, April 25th. Raymond James reduced their price target on shares of AT&T from $32.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 12th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research report on Monday, April 25th. They issued a “buy” rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of AT&T from $30.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, April 11th. Finally, Tigress Financial cut their price objective on shares of AT&T from $31.00 to $28.00 in a research report on Thursday, June 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, AT&T presently has a consensus rating of “Hold” and a consensus target price of $24.48.

AT&T stock opened at $20.66 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.97. AT&T Inc. has a 12 month low of $16.62 and a 12 month high of $22.15. The stock’s 50 day simple moving average is $20.09 and its two-hundred day simple moving average is $22.75. The firm has a market cap of $147.90 billion, a PE ratio of 8.57, a P/E/G ratio of 2.15 and a beta of 0.57.

AT&T (NYSE:TGet Rating) last announced its earnings results on Thursday, April 21st. The technology company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.01). AT&T had a net margin of 10.64% and a return on equity of 13.19%. The business had revenue of $38.10 billion for the quarter, compared to analysts’ expectations of $38.29 billion. During the same quarter last year, the business earned $0.86 EPS. The company’s quarterly revenue was down 13.2% on a year-over-year basis. On average, equities research analysts forecast that AT&T Inc. will post 2.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 2nd. Shareholders of record on Thursday, April 14th were issued a $0.278 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.11 dividend on an annualized basis and a yield of 5.38%. AT&T’s payout ratio is currently 46.84%.

AT&T Company Profile (Get Rating)

AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

Further Reading

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

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