Janus Henderson Group PLC Has $15.31 Million Stake in AT&T Inc. (NYSE:T)

Janus Henderson Group PLC reduced its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 671,830 shares of the technology company's stock after selling 29,224 shares during the quarter. Janus Henderson Group PLC's holdings in AT&T were worth $15,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in AT&T during the 4th quarter valued at about $1,858,418,000. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of AT&T by 18.2% during the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after buying an additional 7,347,354 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

Shares of T stock traded up $0.39 during trading hours on Friday, hitting $27.72. 31,085,059 shares of the company's stock were exchanged, compared to its average volume of 36,827,914. The stock's 50-day moving average is $27.18 and its 200-day moving average is $24.92. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a market cap of $199.43 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $17.11 and a 52 week high of $29.03.

AT&T (NYSE:T - Get Free Report) last issued 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 net margin of 8.95% and a return on equity of 13.97%. The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same period last year, the company earned $0.55 EPS. The company's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Wall Street Analyst Weigh In

T has been the subject of a number of research analyst reports. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. Morgan Stanley restated an "overweight" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Tigress Financial boosted their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Barclays boosted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective 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 investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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.