Exeter Financial LLC Has $823,000 Stake in AT&T Inc. (NYSE:T)

Exeter Financial LLC raised its stake in AT&T Inc. (NYSE:T) by 53.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,843 shares of the technology company’s stock after buying an additional 16,323 shares during the quarter. Exeter Financial LLC’s holdings in AT&T were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its position 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 buying an additional 6,064 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in AT&T during the 1st quarter worth about $205,000. St. Johns Investment Management Company LLC lifted its holdings in AT&T by 4.0% during the 1st quarter. St. Johns Investment Management Company LLC now owns 24,503 shares of the technology company’s stock worth $431,000 after buying an additional 940 shares during the period. GoalVest Advisory LLC lifted its stake in shares of AT&T by 5.0% in the 1st quarter. GoalVest Advisory LLC now owns 84,852 shares of the technology company’s stock valued at $1,493,000 after purchasing an additional 4,027 shares during the period. Finally, Sovereign Financial Group Inc. lifted its stake in shares of AT&T by 34.0% in the 1st quarter. Sovereign Financial Group Inc. now owns 45,797 shares of the technology company’s stock valued at $806,000 after purchasing an additional 11,624 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $21.00 price objective on shares of AT&T in a research note on Tuesday. Scotiabank raised their price objective on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Wolfe Research raised AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. UBS Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of AT&T in a research note on Tuesday, June 18th. Finally, Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.54.

AT&T Stock Performance

Shares of T stock traded down $0.08 during mid-day trading on Thursday, hitting $18.68. The stock had a trading volume of 11,781,813 shares, compared to its average volume of 36,635,055. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.81. The firm has a market cap of $133.94 billion, a PE ratio of 10.04, a PEG ratio of 4.25 and a beta of 0.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63. The company’s 50-day simple moving average is $17.47 and its 200-day simple moving average is $17.14.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.94%. AT&T’s dividend payout ratio (DPR) 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.