AT&T Inc. (NYSE:T) Shares Bought by GQG Partners LLC

GQG Partners LLC raised its position in AT&T Inc. (NYSE:T - Free Report) by 17.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 113,957,259 shares of the technology company's stock after acquiring an additional 17,177,874 shares during the period. AT&T makes up 5.1% of GQG Partners LLC's investment portfolio, making the stock its 4th largest holding. GQG Partners LLC owned 1.58% of AT&T worth $3,222,711,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of AT&T in the 1st quarter valued at about $1,072,128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 acquiring an additional 12,881,578 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in 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 acquiring an additional 11,920,392 shares in the last quarter. Northern Trust Corp increased its holdings 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 acquiring an additional 10,945,679 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in AT&T by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock valued at $18,411,543,000 after acquiring an additional 8,185,006 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on T shares. TD Securities raised their target price on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, April 24th. Hsbc Global Res cut shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada raised their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, AT&T has a consensus rating of "Moderate Buy" and an average target price of $29.66.

AT&T Trading Up 1.3%

Shares of T stock opened at $28.51 on Wednesday. The stock has a market cap of $203.86 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.49 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a fifty-two week low of $18.97 and a fifty-two week high of $29.19. The firm's 50 day moving average price is $27.85 and its two-hundred day moving average price is $27.12.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. On average, 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 paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.9%. AT&T's dividend payout ratio (DPR) is currently 63.07%.

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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