Axa S.A. Has $29.25 Million Holdings in AT&T Inc. (NYSE:T)

AXA S.A. lessened its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,284,664 shares of the technology company's stock after selling 707,110 shares during the period. AXA S.A.'s holdings in AT&T were worth $29,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of T. Vanguard Group Inc. grew its stake in shares of AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after acquiring an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AT&T by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after acquiring an additional 2,640,644 shares during the period. GQG Partners LLC grew its holdings in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after purchasing an additional 5,649,277 shares during the period. Finally, Norges Bank bought a new stake in shares of AT&T during the fourth quarter valued at approximately $1,858,418,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on T. Barclays lifted their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. StockNews.com upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Royal Bank of Canada increased their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Finally, Scotiabank reissued an "outperform" rating on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T presently has an average rating of "Moderate Buy" and an average price target of $28.71.

AT&T Trading Down 0.3 %

Shares of T stock traded down $0.09 on Monday, reaching $27.52. 21,331,959 shares of the stock were exchanged, compared to its average volume of 36,354,095. The stock has a 50 day moving average price of $27.08 and a 200 day moving average price of $24.60. The stock has a market cap of $198.02 billion, a PE ratio of 18.47, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a one year low of $16.91 and a one year high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.03%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

AT&T Company 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.