Tobam reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 34.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 251,234 shares of the technology company's stock after selling 131,067 shares during the quarter. AT&T accounts for approximately 3.0% of Tobam's portfolio, making the stock its largest holding. Tobam's holdings in AT&T were worth $7,105,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in T. Next Level Private LLC raised its stake in AT&T by 0.3% in the 1st quarter. Next Level Private LLC now owns 113,379 shares of the technology company's stock valued at $3,206,000 after acquiring an additional 379 shares during the period. Carolinas Wealth Consulting LLC raised its stake in AT&T by 1.6% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 24,161 shares of the technology company's stock valued at $550,000 after acquiring an additional 384 shares during the period. Kozak & Associates Inc. raised its stake in AT&T by 9.4% in the 1st quarter. Kozak & Associates Inc. now owns 4,617 shares of the technology company's stock valued at $126,000 after acquiring an additional 398 shares during the period. Firethorn Wealth Partners LLC raised its stake in AT&T by 4.1% in the 1st quarter. Firethorn Wealth Partners LLC now owns 10,114 shares of the technology company's stock valued at $286,000 after acquiring an additional 399 shares during the period. Finally, Charter Oak Capital Management LLC raised its stake in AT&T by 2.7% in the 1st quarter. Charter Oak Capital Management LLC now owns 15,246 shares of the technology company's stock valued at $431,000 after acquiring an additional 408 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
T has been the topic of several analyst reports. TD Securities upped their price target on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Wells Fargo & Company upped their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup reiterated a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Finally, Scotiabank reiterated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.
Read Our Latest Research Report on AT&T
AT&T Price Performance
T traded down $0.14 during midday trading on Friday, hitting $28.13. The stock had a trading volume of 22,422,913 shares, compared to its average volume of 36,665,525. The company has a market cap of $202.43 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The business has a fifty day moving average of $27.41 and a 200 day moving average of $25.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 1 year low of $17.49 and a 1 year high of $29.03.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analysts' expectations of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.55 EPS. As a group, equities analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.
AT&T Profile
(
Free Report)
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.
Featured Articles
Before you consider AT&T, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AT&T wasn't on the list.
While AT&T currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
