ANTIPODES PARTNERS Ltd Trims Holdings in AT&T Inc. (NYSE:T)

ANTIPODES PARTNERS Ltd decreased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 88.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,356 shares of the technology company's stock after selling 2,542,708 shares during the quarter. ANTIPODES PARTNERS Ltd's holdings in AT&T were worth $9,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Keystone Financial Group lifted its holdings in shares of AT&T by 196.3% during the fourth quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the period. Capstone Wealth Management LLC bought a new position in AT&T during the 1st quarter worth $201,000. World Investment Advisors lifted its holdings in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after buying an additional 63,359 shares during the period. DigitalBridge Group Inc. grew its position in shares of AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after buying an additional 365,776 shares during the last quarter. Finally, Huber Capital Management LLC increased its stake in shares of AT&T by 2.7% in the fourth quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company's stock valued at $13,161,000 after buying an additional 15,000 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock traded up $0.16 during trading hours on Thursday, hitting $27.91. 47,310,769 shares of the company's stock were exchanged, compared to its average volume of 31,138,704. The company has a market capitalization of $200.81 billion, a PE ratio of 15.86, a PEG ratio of 3.46 and a beta of 0.42. The company has a current ratio of 0.81, a quick ratio of 0.65 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12-month low of $18.64 and a 12-month high of $29.19. The business's 50 day simple moving average is $27.80 and its 200-day simple moving average is $26.58.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The company had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the previous year, the company posted $0.51 EPS. AT&T's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on T shares. Royal Bank Of Canada raised their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Tigress Financial raised their price target on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Wells Fargo & Company increased their price objective on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Barclays raised their target price on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average price target of $29.37.

About AT&T

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.