AT&T Inc. (NYSE:T) Shares Bought by Mediolanum International Funds Ltd

Key Points

• Mediolanum International Funds Ltd increased its holdings in AT&T by 31.5% during Q1, owning 1,281,981 shares valued at approximately $36.1 million.
• AT&T reported a Q2 EPS of $0.54, beating estimates, and had a revenue of $30.85 billion, reflecting a 3.4% year-over-year increase.
• The company announced a quarterly dividend of $0.2775 per share, representing an annual yield of 3.96%, with the ex-dividend date set for July 10th.

Mediolanum International Funds Ltd grew its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 31.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,281,981 shares of the technology company's stock after purchasing an additional 307,125 shares during the period. Mediolanum International Funds Ltd's holdings in AT&T were worth $36,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T during the fourth quarter worth approximately $27,000. Hager Investment Management Services LLC increased its stake in shares of AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after buying an additional 641 shares during the period. Finally, Core Alternative Capital increased its stake in shares of AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after buying an additional 568 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Price Performance

Shares of NYSE:T traded up $0.10 during midday trading on Friday, hitting $28.02. 33,981,327 shares of the stock were exchanged, compared to its average volume of 32,249,414. The stock has a market cap of $201.58 billion, a P/E ratio of 15.92, a PEG ratio of 3.49 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. The company has a 50 day moving average price of $27.81 and a 200-day moving average price of $26.65. AT&T Inc. has a twelve month low of $18.64 and a twelve month high of $29.19.

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 the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The company had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. During the same period last year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.96%. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

Several equities analysts have commented on T shares. Citigroup reiterated a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Raymond James Financial reiterated a "strong-buy" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Thursday. Finally, UBS Group reiterated a "buy" rating and issued a $31.00 price target (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $29.66.

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.