AT&T Inc. $T Shares Bought by Credit Agricole S A

Key Points

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Credit Agricole S A raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 69.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,861,111 shares of the technology company's stock after acquiring an additional 1,169,472 shares during the quarter. Credit Agricole S A's holdings in AT&T were worth $80,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new position in shares of AT&T in the 1st quarter valued at about $25,000. Hager Investment Management Services LLC increased its holdings in shares of AT&T by 182.1% in the 1st 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 during the period. IMA Advisory Services Inc. acquired a new position in shares of AT&T in the 1st quarter valued at about $29,000. Core Alternative Capital increased its holdings in shares of AT&T by 125.4% in the 1st 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 during the period. Finally, Capital A Wealth Management LLC acquired a new position in AT&T in the fourth quarter worth approximately $25,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Performance

AT&T stock opened at $28.92 on Tuesday. AT&T Inc. has a 52-week low of $19.34 and a 52-week high of $29.19. The firm has a market capitalization of $206.79 billion, a P/E ratio of 16.43, a P/E/G ratio of 3.57 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a fifty day moving average price of $27.93 and a two-hundred day moving average price of $27.27.

AT&T (NYSE:T - Get Free Report) last announced its 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. AT&T had a return on equity of 13.36% and a net margin of 10.29%. 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 company posted $0.51 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 annualized dividend and a yield of 3.8%. AT&T's dividend payout ratio (DPR) is currently 63.07%.

Analysts Set New Price Targets

T has been the topic of a number of research reports. HSBC downgraded AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a report on Thursday, July 24th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Evercore ISI increased their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Finally, Scotiabank upped their target price on AT&T from $29.50 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $30.21.

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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