AT&T Inc. (NYSE:T) Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in AT&T Inc. by 2.3%, owning approximately 48.7 million shares valued at about $1.38 billion. Other investors, including Robinson Smith Wealth Advisors and Taylor Financial Group, also modified their positions in favor of AT&T.
• Wall Street analysts have rated AT&T with an average rating of "Moderate Buy" and a consensus price target of $29.66, with significant upgrades from firms like Morgan Stanley and JPMorgan Chase.
• AT&T recently reported earnings of $0.54 per share, surpassing estimates, and announced a dividend of $0.2775 per share, reflecting a yield of 4.0%.

Invesco Ltd. boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,740,463 shares of the technology company's stock after buying an additional 1,088,565 shares during the quarter. Invesco Ltd. owned approximately 0.68% of AT&T worth $1,378,380,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC lifted its holdings in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares in the last quarter. IMA Advisory Services Inc. purchased a new position in AT&T during the first quarter valued at approximately $29,000. Core Alternative Capital lifted its holdings in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in AT&T during the fourth quarter valued at approximately $25,000. Finally, Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter valued at approximately $25,000. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Tigress Financial boosted their target price on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. TD Securities boosted their price target on shares of AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. UBS Group restated a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Royal Bank Of Canada boosted their price target on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.66.

AT&T Stock Up 0.1%

Shares of T traded up $0.02 during mid-day trading on Friday, hitting $28.08. 23,594,470 shares of the company traded hands, compared to its average volume of 34,716,284. AT&T Inc. has a 1-year low of $18.97 and a 1-year high of $29.19. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $200.78 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 3.48 and a beta of 0.42. The business has a 50 day moving average of $27.83 and a 200 day moving average of $27.04.

AT&T (NYSE:T - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $30.44 billion. During the same period last year, the firm posted $0.51 EPS. AT&T's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.0%. 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.