AT&T Inc. (NYSE:T) Shares Purchased by Capital Square LLC

Capital Square LLC lifted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,936 shares of the technology company's stock after purchasing an additional 9,940 shares during the quarter. Capital Square LLC's holdings in AT&T were worth $862,000 at the end of the most recent quarter.

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

AT&T Stock Performance

Shares of AT&T stock traded down $0.57 on Monday, reaching $26.58. 12,933,381 shares of the stock were exchanged, compared to its average volume of 36,578,499. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $190.80 billion, a PE ratio of 17.84, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $16.17 and a 1-year high of $29.03. The business has a fifty day moving average price of $26.84 and a two-hundred day moving average price of $24.17.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.18%. AT&T's payout ratio is currently 74.50%.

Wall Street Analyst Weigh In

Several analysts have commented on T shares. Scotiabank raised their price objective on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Sanford C. Bernstein raised their price target on AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Finally, Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $27.24.

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.