AT&T Inc. (NYSE:T) Holdings Trimmed by Trivium Point Advisory LLC

Trivium Point Advisory LLC trimmed its position in shares of AT&T Inc. (NYSE:T - Free Report) by 12.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,649 shares of the technology company's stock after selling 10,776 shares during the period. Trivium Point Advisory LLC's holdings in AT&T were worth $2,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in T. Nuveen LLC acquired a new stake in shares of AT&T during the 1st quarter valued at $1,072,128,000. GQG Partners LLC boosted its stake in shares of AT&T by 17.7% during the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock valued at $3,222,711,000 after buying an additional 17,177,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 buying an additional 12,881,578 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company's stock valued at $338,213,000 after buying an additional 11,920,392 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of 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 buying an additional 10,945,679 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.3%

T opened at $28.40 on Thursday. The firm's fifty day moving average is $27.87 and its two-hundred day moving average is $27.13. 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 firm has a market cap of $203.07 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 3.53 and a beta of 0.42. AT&T Inc. has a twelve month low of $18.97 and a twelve month high of $29.19.

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

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's dividend payout ratio (DPR) is 63.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on T shares. Barclays lifted their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen raised shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Royal Bank Of Canada lifted their price objective on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Finally, TD Securities lifted their target price on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.66.

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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