Jackson Square Capital LLC Boosts Holdings in AT&T Inc. (NYSE:T)

Jackson Square Capital LLC increased its stake in AT&T Inc. (NYSE:T) by 20.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 290,436 shares of the technology company’s stock after purchasing an additional 50,185 shares during the period. AT&T makes up 2.7% of Jackson Square Capital LLC’s holdings, making the stock its 10th biggest holding. Jackson Square Capital LLC’s holdings in AT&T were worth $8,214,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Steele Capital Management Inc. grew its position in AT&T by 3.1% in the first quarter. Steele Capital Management Inc. now owns 15,331 shares of the technology company’s stock valued at $434,000 after acquiring an additional 454 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its position in AT&T by 1.4% in the first quarter. Ipswich Investment Management Co. Inc. now owns 42,358 shares of the technology company’s stock valued at $1,198,000 after acquiring an additional 565 shares during the last quarter. CVA Family Office LLC grew its position in AT&T by 1.2% in the first quarter. CVA Family Office LLC now owns 43,478 shares of the technology company’s stock valued at $1,230,000 after acquiring an additional 495 shares during the last quarter. Krilogy Financial LLC grew its position in AT&T by 10.6% in the first quarter. Krilogy Financial LLC now owns 51,543 shares of the technology company’s stock valued at $1,458,000 after acquiring an additional 4,928 shares during the last quarter. Finally, Tudor Financial Inc. grew its position in AT&T by 5.9% in the first quarter. Tudor Financial Inc. now owns 9,372 shares of the technology company’s stock valued at $265,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of several research reports. Scotiabank restated an “outperform” rating on shares of AT&T in a report on Thursday, April 24th. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a report on Friday, April 25th. TD Securities boosted their price target on AT&T from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $28.71.

AT&T Trading Down 0.5%

NYSE T opened at $28.13 on Friday. The company has a market cap of $202.43 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 3.00 and a beta of 0.41. AT&T Inc. has a 52 week low of $17.49 and a 52 week high of $29.03. The business has a 50 day moving average price of $27.41 and a 200-day moving average price of $25.63. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the company posted $0.55 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 annualized dividend and a yield of 3.95%. AT&T’s dividend payout ratio (DPR) is currently 68.10%.

AT&T 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.