AHL Investment Management Inc. Has $1.95 Million Holdings in AT&T Inc. (NYSE:T)

AHL Investment Management Inc. trimmed its holdings in AT&T Inc. (NYSE:T - Free Report) by 20.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,826 shares of the technology company's stock after selling 17,544 shares during the period. AT&T accounts for about 1.3% of AHL Investment Management Inc.'s portfolio, making the stock its 27th biggest holding. AHL Investment Management Inc.'s holdings in AT&T were worth $1,946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the period. Geode Capital Management LLC increased its position in shares of AT&T by 1.6% in 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 purchasing an additional 2,640,644 shares during the period. GQG Partners LLC grew its stake in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Finally, Norges Bank acquired a new position in AT&T during the fourth quarter valued at approximately $1,858,418,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Stock Up 1.2%

Shares of NYSE T opened at $28.09 on Monday. The stock has a market capitalization of $202.12 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. 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 stock's fifty day simple moving average is $27.32 and its two-hundred day simple moving average is $25.49. AT&T Inc. has a 12-month low of $17.42 and a 12-month high of $29.03.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.95%. AT&T's dividend payout ratio (DPR) is presently 68.10%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Barclays lifted their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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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