AT&T Inc. (NYSE:T) Shares Sold by Generali Investments Management Co LLC

Generali Investments Management Co LLC decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,966 shares of the technology company's stock after selling 42,083 shares during the quarter. Generali Investments Management Co LLC's holdings in AT&T were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Consolidated Planning Corp increased its position in shares of AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock worth $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Keystone Financial Group boosted its stake in AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company's stock worth $5,322,000 after purchasing an additional 143,744 shares during the period. World Investment Advisors grew its position in AT&T by 36.4% during the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company's stock worth $5,407,000 after purchasing an additional 63,359 shares in the last quarter. DigitalBridge Group Inc. raised its stake in AT&T by 14.6% during the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company's stock valued at $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, Fortress Financial Solutions LLC acquired a new stake in AT&T during the 4th quarter valued at $691,000. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

T stock opened at $27.76 on Friday. AT&T Inc. has a 1-year low of $17.42 and a 1-year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The firm has a market cap of $199.72 billion, a PE ratio of 18.63, a P/E/G ratio of 3.00 and a beta of 0.41. The business's 50-day moving average price is $27.33 and its two-hundred day moving average price is $25.41.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). AT&T had a net margin of 8.95% and a return on equity of 13.97%. The business had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same quarter last year, the firm earned $0.55 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, 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 was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.00%. AT&T's dividend payout ratio (DPR) is 68.10%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Oppenheimer raised their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. TD Securities raised their price objective on AT&T from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Thursday, April 24th. Royal Bank of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One 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 stock. According to MarketBeat, AT&T has a consensus rating of "Moderate Buy" and an average target price of $28.71.

About AT&T

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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