AT&T Inc. (NYSE:T) is Sustainable Insight Capital Management LLC's 6th Largest Position

Key Points

• Sustainable Insight Capital Management LLC reduced its stake in AT&T by 38.8% in the first quarter, now holding 333,179 shares, making it the firm's 6th largest holding.
• Several brokerages have raised their price targets for AT&T, with Barclays setting a target at $30.00 and JPMorgan Chase & Co. at $33.00, reflecting positive outlooks on the stock.
• AT&T reported a quarterly EPS of $0.54, surpassing estimates, with revenue of $30.85 billion, which was also above analyst expectations, marking a 3.4% year-over-year increase.

Sustainable Insight Capital Management LLC reduced its position in shares of AT&T Inc. (NYSE:T - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,179 shares of the technology company's stock after selling 211,584 shares during the period. AT&T comprises about 4.7% of Sustainable Insight Capital Management LLC's holdings, making the stock its 6th largest holding. Sustainable Insight Capital Management LLC's holdings in AT&T were worth $9,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of T. Hager Investment Management Services LLC raised its stake in shares of AT&T by 182.1% in the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after acquiring an additional 641 shares in the last quarter. IMA Advisory Services Inc. acquired a new stake in shares of AT&T in the first quarter valued at $29,000. Core Alternative Capital raised its stake in shares of 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 acquiring an additional 568 shares in the last quarter. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at $25,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on T. Evercore ISI increased their price objective on AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research note on Thursday, April 24th. Barclays raised 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. Scotiabank raised their price target 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. raised their price target 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, Royal Bank Of Canada raised their price target on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.66.

AT&T Stock Up 0.2%

T opened at $28.15 on Tuesday. The business's 50-day simple moving average is $27.84 and its 200-day simple moving average is $27.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. AT&T Inc. has a one year low of $18.97 and a one year high of $29.19. The stock has a market capitalization of $201.28 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42.

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

AT&T Announces Dividend

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

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.

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