AT&T Inc. (NYSE:T) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 3.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,669,519 shares of the technology company's stock after acquiring an additional 53,695 shares during the period. Cerity Partners LLC's holdings in AT&T were worth $47,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of T. Norges Bank bought a new stake in AT&T during the 4th quarter valued at $1,858,418,000. GQG Partners LLC raised its position in AT&T by 37.3% during 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 purchasing an additional 26,280,866 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after purchasing an additional 12,881,578 shares in the last quarter. Northern Trust Corp raised its position in AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Finally, Invesco Ltd. raised its position in AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock valued at $1,085,034,000 after purchasing an additional 7,347,354 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

T has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Royal Bank Of Canada boosted their price target on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wells Fargo & Company boosted their price target on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday. Scotiabank boosted their price target on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.12.

AT&T Stock Performance

AT&T stock traded down $0.65 during trading hours on Friday, hitting $26.97. 42,637,282 shares of the stock traded hands, compared to its average volume of 36,516,853. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The firm's 50 day moving average price is $27.82 and its 200-day moving average price is $26.30. The stock has a market capitalization of $194.07 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 3.45 and a beta of 0.42. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19.

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 the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, equities analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.12%. AT&T's dividend payout ratio (DPR) is presently 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.