KPP Advisory Services LLC Purchases 9,738 Shares of AT&T Inc. (NYSE:T)

KPP Advisory Services LLC increased its position in AT&T Inc. (NYSE:T) by 7.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 143,241 shares of the technology company’s stock after acquiring an additional 9,738 shares during the quarter. KPP Advisory Services LLC’s holdings in AT&T were worth $4,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Next Level Private LLC grew its holdings in shares of AT&T by 0.3% in the first quarter. Next Level Private LLC now owns 113,379 shares of the technology company’s stock worth $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC grew its holdings in shares of AT&T by 1.6% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company’s stock worth $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. grew its holdings in shares of AT&T by 9.4% in the first quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company’s stock worth $126,000 after acquiring an additional 398 shares during the period. Silver Oak Securities Incorporated grew its holdings in shares of AT&T by 0.3% in the first quarter. Silver Oak Securities Incorporated now owns 114,324 shares of the technology company’s stock worth $3,222,000 after acquiring an additional 398 shares during the period. Finally, Firethorn Wealth Partners LLC grew its holdings in shares of AT&T by 4.1% in the first quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company’s stock worth $286,000 after acquiring an additional 399 shares during the period. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of AT&T stock opened at $27.93 on Thursday. The stock’s 50-day simple moving average is $27.59 and its 200-day simple moving average is $25.87. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.03. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 4.01 and a beta of 0.41. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the previous year, the firm earned $0.55 earnings per share. AT&T’s revenue was up 2.0% on a year-over-year basis. As a group, analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.97%. AT&T’s dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

Several equities analysts recently weighed in on T shares. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Oppenheimer lifted their target price on AT&T from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the company an “in-line” rating in a research report on Thursday, April 24th. Morgan Stanley reiterated an “overweight” rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their target price on AT&T from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.76.

AT&T Company 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.