AT&T Inc. (NYSE:T) Stock Position Decreased by WBI Investments LLC

WBI Investments LLC lessened its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 136,984 shares of the technology company's stock after selling 69,714 shares during the period. AT&T accounts for approximately 0.8% of WBI Investments LLC's holdings, making the stock its 26th biggest position. WBI Investments LLC's holdings in AT&T were worth $3,119,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of T. Norges Bank acquired a new stake in AT&T during the 4th quarter valued at $1,858,418,000. GQG Partners LLC raised its stake in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. Northern Trust Corp raised its stake 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 purchasing an additional 10,945,679 shares during the period. Assetmark Inc. raised its stake in AT&T by 4,986.1% during the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after purchasing an additional 9,719,036 shares during the period. Finally, Invesco Ltd. raised its stake in AT&T by 18.2% during the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock valued at $1,085,034,000 after purchasing an additional 7,347,354 shares during the period. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

Shares of T stock opened at $27.72 on Monday. The firm's 50 day moving average price is $27.18 and its two-hundred day moving average price is $24.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The stock has a market cap of $199.43 billion, a PE ratio of 18.60, a PEG ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company had revenue of $30.63 billion for the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. As a group, analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.00%. AT&T's payout ratio is 68.10%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein upped their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped 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 Thursday, April 24th. Evercore ISI upped their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a research note on Thursday, February 13th. Finally, Cowen reaffirmed a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.

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