460,721 Shares in AT&T Inc. $T Bought by Dupont Capital Management Corp

Key Points

• Dupont Capital Management Corp acquired 460,721 shares of AT&T Inc., valued at approximately $13.33 million, making AT&T the 20th largest position in their portfolio.
• AT&T recently reported a quarterly earnings per share (EPS) of $0.54, beating estimates, with revenue of $30.85 billion, up 3.4% from the previous year.
• The company has announced a quarterly dividend of $0.2775 per share, reflecting a yield of 4.3%, scheduled to be paid on November 3rd.

Dupont Capital Management Corp bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 460,721 shares of the technology company's stock, valued at approximately $13,333,000. AT&T makes up about 1.4% of Dupont Capital Management Corp's investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of T. CHURCHILL MANAGEMENT Corp boosted its position in shares of AT&T by 1.5% during the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 324,104 shares of the technology company's stock worth $9,380,000 after acquiring an additional 4,793 shares in the last quarter. Kickstand Ventures LLC. acquired a new position in shares of AT&T during the 2nd quarter worth about $489,000. ASR Vermogensbeheer N.V. boosted its position in shares of AT&T by 1.4% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 722,568 shares of the technology company's stock worth $20,910,000 after acquiring an additional 9,970 shares in the last quarter. Sentry Investment Management LLC boosted its position in shares of AT&T by 153.2% during the 2nd quarter. Sentry Investment Management LLC now owns 22,095 shares of the technology company's stock worth $625,000 after acquiring an additional 13,370 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its position in shares of AT&T by 180.5% during the 2nd quarter. Simplicity Wealth LLC now owns 114,091 shares of the technology company's stock worth $3,302,000 after acquiring an additional 73,417 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Down 1.0%

AT&T stock opened at $26.08 on Tuesday. AT&T Inc. has a fifty-two week low of $21.05 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $186.45 billion, a P/E ratio of 14.82, a PEG ratio of 2.13 and a beta of 0.42. The stock has a 50-day simple moving average of $28.23 and a 200-day simple moving average of $27.80.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%.The firm's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on T. Morgan Stanley upped their price objective on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lowered their price objective on AT&T from $31.00 to $29.00 and set an "overweight" rating for the company in a research report on Thursday, October 16th. HSBC downgraded AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price for the company. in a report on Thursday, July 24th. Sanford C. Bernstein boosted their target price on AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of AT&T in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.65.

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.

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