St. Johns Investment Management Company LLC Has $431,000 Stock Position in AT&T Inc. (NYSE:T)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GoalVest Advisory LLC lifted its position 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 worth $1,493,000 after acquiring an additional 4,027 shares during the period. Sovereign Financial Group Inc. lifted its position 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 worth $806,000 after acquiring an additional 11,624 shares during the period. RMR Wealth Builders bought a new stake in shares of AT&T in the 1st quarter worth approximately $196,000. Elevated Capital Advisors LLC lifted its position in shares of AT&T by 1.1% in the 1st quarter. Elevated Capital Advisors LLC now owns 104,698 shares of the technology company’s stock worth $1,843,000 after acquiring an additional 1,118 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in shares of AT&T by 2.9% in the 1st quarter. Sunbelt Securities Inc. now owns 174,923 shares of the technology company’s stock worth $3,079,000 after acquiring an additional 4,928 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Trading Up 0.4 %

T stock opened at $18.77 on Thursday. The business has a fifty day moving average price of $17.42 and a 200 day moving average price of $17.13. The stock has a market capitalization of $134.55 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 4.25 and a beta of 0.60. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.81. 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 released its earnings results on Wednesday, April 24th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $30.03 billion during the quarter, compared to analysts’ expectations of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Analysts expect that AT&T Inc. will post 2.24 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 5.92%. AT&T’s dividend payout ratio (DPR) is currently 59.68%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Scotiabank raised their target price on AT&T from $22.00 to $22.50 and gave the stock a “sector outperform” rating in a research report on Thursday, April 25th. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. UBS Group restated a “buy” rating and set a $24.00 target price on shares of AT&T in a research report on Tuesday, June 18th. Finally, Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Monday, April 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.