Robeco Institutional Asset Management B.V. decreased its stake in AT&T Inc. (NYSE:T - Free Report) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,079,272 shares of the technology company's stock after selling 641,739 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of AT&T worth $313,322,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pure Financial Advisors LLC lifted its position in AT&T by 28.7% in the 1st quarter. Pure Financial Advisors LLC now owns 29,463 shares of the technology company's stock worth $833,000 after buying an additional 6,567 shares in the last quarter. Perigon Wealth Management LLC lifted its position in AT&T by 2.1% in the 1st quarter. Perigon Wealth Management LLC now owns 124,986 shares of the technology company's stock worth $3,535,000 after buying an additional 2,566 shares in the last quarter. Omnia Family Wealth LLC purchased a new stake in AT&T in the 1st quarter worth approximately $295,000. New World Advisors LLC raised its holdings in shares of AT&T by 4.9% during the 1st quarter. New World Advisors LLC now owns 10,325 shares of the technology company's stock valued at $292,000 after purchasing an additional 483 shares in the last quarter. Finally, Live Oak Investment Partners raised its holdings in shares of AT&T by 3,588.6% during the 1st quarter. Live Oak Investment Partners now owns 45,628 shares of the technology company's stock valued at $1,290,000 after purchasing an additional 44,391 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.
Wall Street Analysts Forecast Growth
T has been the topic of a number of recent research reports. Citigroup restated a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Cowen restated a "hold" rating on shares of AT&T in a report on Thursday, April 24th. Barclays raised their price target on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Williams Trading set a $30.00 price target on shares of AT&T in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.90.
Check Out Our Latest Research Report on T
AT&T Price Performance
Shares of NYSE:T traded up $0.08 during midday trading on Friday, reaching $28.08. 37,331,600 shares of the company's stock were exchanged, compared to its average volume of 36,421,572. The company's 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $25.97. The firm has a market capitalization of $202.02 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 3.98 and a beta of 0.41. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.03. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70.
AT&T (NYSE:T - Get Free Report) last announced its quarterly 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). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The firm had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is currently 68.10%.
About AT&T
(
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.
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