Versor Investments LP Raises Stake in AT&T Inc. $T

Key Points

• Versor Investments LP increased its stake in AT&T Inc. by 61.4% in Q1, holding 26,982 shares valued at $763,000 after purchasing an additional 10,263 shares.
• AT&T reported $0.54 earnings per share (EPS) for the last quarter, surpassing the expected $0.53, and its revenue was $30.85 billion, exceeding forecasts of $30.44 billion.
• The company recently paid a quarterly dividend of $0.2775, yielding 3.8%, with a dividend payout ratio of 63.07%.

Versor Investments LP boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,982 shares of the technology company's stock after purchasing an additional 10,263 shares during the period. Versor Investments LP's holdings in AT&T were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Minot DeBlois Advisors LLC acquired a new stake in AT&T during the 4th quarter worth $25,000. Capital A Wealth Management LLC bought a new position in shares of AT&T during the fourth quarter worth $25,000. Stone House Investment Management LLC bought a new position in shares of AT&T during the first quarter worth $25,000. Putney Financial Group LLC bought a new position in shares of AT&T during the fourth quarter worth $27,000. Finally, Hager Investment Management Services LLC lifted its position in 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 acquiring an additional 641 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Barclays upped their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research note on Thursday, July 24th. TD Securities upped their price target on shares of AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AT&T currently has an average rating of "Moderate Buy" and an average target price of $30.21.

AT&T Stock Performance

Shares of T traded up $0.0280 on Tuesday, reaching $28.9480. The company's stock had a trading volume of 18,669,015 shares, compared to its average volume of 33,088,608. 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 market capitalization of $206.99 billion, a P/E ratio of 16.45, a PEG ratio of 3.58 and a beta of 0.42. The stock's 50 day simple moving average is $27.94 and its two-hundred day simple moving average is $27.28. AT&T Inc. has a 12-month low of $19.39 and a 12-month high of $29.19.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The business had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

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

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.