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

Magnolia Capital Advisors LLC bought a new position in AT&T Inc. (NYSE:T) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,052 shares of the technology company’s stock, valued at approximately $1,213,000. AT&T comprises approximately 1.2% of Magnolia Capital Advisors LLC’s holdings, making the stock its 20th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in AT&T by 39.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,496,810 shares of the technology company’s stock worth $58,495,000 after buying an additional 422,207 shares during the last quarter. Worldquant Millennium Advisors LLC increased its stake in AT&T by 13.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 78,623 shares of the technology company’s stock worth $2,975,000 after purchasing an additional 9,356 shares during the period. Bank OZK increased its stake in AT&T by 5.7% in the 4th quarter. Bank OZK now owns 191,940 shares of the technology company’s stock worth $7,501,000 after purchasing an additional 10,327 shares during the period. Boston Trust Walden Corp increased its stake in AT&T by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 58,238 shares of the technology company’s stock worth $2,276,000 after purchasing an additional 356 shares during the period. Finally, Capital Financial Planning LLC increased its stake in AT&T by 22.5% in the 4th quarter. Capital Financial Planning LLC now owns 11,675 shares of the technology company’s stock worth $456,000 after purchasing an additional 2,141 shares during the period. Institutional investors own 56.10% of the company’s stock.

AT&T stock traded down $0.89 during mid-day trading on Tuesday, hitting $29.35. The company had a trading volume of 29,507,430 shares, compared to its average volume of 65,552,884. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $35.13 and its two-hundred day moving average price is $37.41. AT&T Inc. has a 12 month low of $26.08 and a 12 month high of $39.70. The company has a market capitalization of $213.98 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $46.82 billion for the quarter, compared to the consensus estimate of $47.06 billion. AT&T had a return on equity of 13.37% and a net margin of 7.67%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. Equities research analysts anticipate that AT&T Inc. will post 3.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Thursday, April 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 7.09%. AT&T’s dividend payout ratio (DPR) is presently 58.26%.

A number of equities analysts have commented on the company. Robert W. Baird cut AT&T from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $41.00 to $33.00 in a research note on Monday, March 23rd. Argus reaffirmed a “buy” rating on shares of AT&T in a research note on Friday. Raymond James cut AT&T from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Tigress Financial reissued a “buy” rating on shares of AT&T in a research note on Friday, January 3rd. Finally, Nomura reduced their target price on AT&T from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.93.

In other news, Director Stephen J. Luczo acquired 100,000 shares of AT&T stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $37.81 per share, for a total transaction of $3,781,000.00. 0.07% of the stock is currently owned by corporate insiders.

AT&T Profile

AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.

See Also: Market Perform

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T).

Institutional Ownership by Quarter for AT&T (NYSE:T)

Receive News & Ratings for AT&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AT&T and related companies with MarketBeat.com's FREE daily email newsletter.