AG2R LA Mondiale Gestion D Actifs Invests $7.38 Million in AT&T Inc. $T

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $7.38 million in AT&T, acquiring 265,496 shares of the company during the 1st quarter.
• AT&T recently announced a quarterly dividend of $0.2775, translating to an annualized dividend of $1.11 and a yield of 3.8%.
• AT&T's stock currently holds a consensus rating of "Moderate Buy" from analysts, with an average target price of $30.60.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 265,496 shares of the technology company's stock, valued at approximately $7,381,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital A Wealth Management LLC acquired a new stake in AT&T in the fourth quarter valued at approximately $25,000. Stone House Investment Management LLC acquired a new position in AT&T during the first quarter worth $25,000. Putney Financial Group LLC acquired a new position in AT&T during the fourth quarter worth $27,000. Hager Investment Management Services LLC boosted its stake in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after buying an additional 641 shares during the last quarter. Finally, Core Alternative Capital raised its position in AT&T by 125.4% in the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE T opened at $29.49 on Friday. AT&T Inc. has a 1-year low of $21.05 and a 1-year high of $29.79. The company has a market capitalization of $210.87 billion, a P/E ratio of 16.76, a PEG ratio of 3.63 and a beta of 0.44. The business has a 50 day moving average price of $28.28 and a 200 day moving average price of $27.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 63.07%.

Analyst Upgrades and Downgrades

Several research firms recently commented on T. UBS Group set a $32.00 target price on AT&T in a research note on Thursday, September 4th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, August 26th. Scotiabank upped their price objective on AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Wells Fargo & Company increased their target price on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.60.

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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