St. Johns Investment Management Company LLC Purchases 940 Shares of AT&T Inc. (NYSE:T)

St. Johns Investment Management Company LLC grew its position in AT&T Inc. (NYSE:T) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 24,503 shares of the technology company’s stock after acquiring an additional 940 shares during the period. St. Johns Investment Management Company LLC’s holdings in AT&T were worth $431,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of T. Texas Capital Bank Wealth Management Services Inc lifted its stake in shares of AT&T by 1.7% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock worth $589,000 after buying an additional 598 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of AT&T by 35.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock worth $39,000 after buying an additional 606 shares in the last quarter. JB Capital LLC lifted its stake in shares of AT&T by 2.4% in the fourth quarter. JB Capital LLC now owns 26,620 shares of the technology company’s stock worth $447,000 after buying an additional 614 shares in the last quarter. Fortitude Family Office LLC lifted its stake in shares of AT&T by 1.5% in the first quarter. Fortitude Family Office LLC now owns 41,595 shares of the technology company’s stock worth $732,000 after buying an additional 614 shares in the last quarter. Finally, Connecticut Wealth Management LLC lifted its stake in shares of AT&T by 3.0% in the fourth quarter. Connecticut Wealth Management LLC now owns 21,601 shares of the technology company’s stock worth $362,000 after buying an additional 620 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 0.4 %

Shares of T stock opened at $18.77 on Thursday. The company has a market capitalization of $134.55 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 4.25 and a beta of 0.60. AT&T Inc. has a one year low of $13.43 and a one year high of $18.81. The company’s fifty day moving average price is $17.42 and its 200-day moving average price is $17.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.68 and a quick ratio of 0.63.

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. The company had revenue of $30.03 billion for the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a net margin of 11.13% and a return on equity of 14.63%. AT&T’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Sell-side analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 5.92%. AT&T’s dividend payout ratio is currently 59.68%.

Analysts Set New Price Targets

Several brokerages recently issued reports on T. StockNews.com cut shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Oppenheimer restated an “outperform” rating and issued a $21.00 target price on shares of AT&T in a report on Tuesday. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. Scotiabank raised their target price on shares of AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a report on Thursday, April 25th. Finally, Wolfe Research upgraded shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.54.

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.