Magnolia Capital Advisors LLC Grows Stock Position in AT&T Inc. (NYSE:T)

Magnolia Capital Advisors LLC lifted its stake in AT&T Inc. (NYSE:T) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,717 shares of the technology company’s stock after buying an additional 767 shares during the period. Magnolia Capital Advisors LLC’s holdings in AT&T were worth $398,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Sora Investors LLC purchased a new position in shares of AT&T during the 3rd quarter worth approximately $11,265,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of AT&T by 2.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,258,265 shares of the technology company’s stock worth $259,219,000 after acquiring an additional 383,015 shares during the period. Checchi Capital Advisers LLC grew its holdings in shares of AT&T by 3.1% during the 3rd quarter. Checchi Capital Advisers LLC now owns 38,929 shares of the technology company’s stock worth $585,000 after acquiring an additional 1,178 shares during the period. Retireful LLC purchased a new position in shares of AT&T during the 4th quarter worth approximately $1,163,000. Finally, Terril Brothers Inc. grew its holdings in shares of AT&T by 51.6% during the 3rd quarter. Terril Brothers Inc. now owns 594,974 shares of the technology company’s stock worth $8,937,000 after acquiring an additional 202,637 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on T shares. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft boosted their price target on AT&T from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Tigress Financial boosted their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $17.00 price target on shares of AT&T in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

AT&T Stock Performance

Shares of NYSE:T traded up $0.31 during midday trading on Wednesday, hitting $16.81. The company had a trading volume of 74,184,828 shares, compared to its average volume of 39,342,547. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market cap of $120.24 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 2.46 and a beta of 0.57. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $18.16. The company has a fifty day moving average of $16.98 and a two-hundred day moving average of $16.54.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion during the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that AT&T Inc. will post 2.21 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.2775 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.11 dividend on an annualized basis and a yield of 6.60%. AT&T’s payout ratio is presently 56.63%.

AT&T Profile

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.