Ethic Inc. Has $23.32 Million Position in AT&T Inc. (NYSE:T)

Ethic Inc. lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 37.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,024,070 shares of the technology company's stock after acquiring an additional 281,561 shares during the period. AT&T makes up about 0.5% of Ethic Inc.'s portfolio, making the stock its 26th largest holding. Ethic Inc.'s holdings in AT&T were worth $23,318,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of AT&T by 1.0% during 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 purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AT&T by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after buying an additional 2,640,644 shares in the last quarter. GQG Partners LLC lifted its stake in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of AT&T by 7.1% during the 4th 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T during the 4th quarter valued at $1,858,418,000. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Williams Trading set a $30.00 price target on shares of AT&T in a research note on Thursday, April 24th. Finally, StockNews.com raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

AT&T Trading Down 2.2 %

T opened at $27.48 on Friday. The company has a fifty day moving average price of $27.12 and a two-hundred day moving average price of $24.69. AT&T Inc. has a 1-year low of $17.04 and a 1-year high of $29.03. The company has a market cap of $197.76 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.97% and a net margin of 8.95%. 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 posted $0.55 earnings per share. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. Analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio (DPR) is 68.10%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.