AT&T Inc. $T Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. lifted its position in AT&T Inc. (NYSE:T - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,325,073 shares of the technology company's stock after acquiring an additional 80,207 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in AT&T were worth $37,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in T. Minot DeBlois Advisors LLC acquired a new position in shares of AT&T in the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in AT&T during the 4th quarter worth about $25,000. Stone House Investment Management LLC acquired a new stake in AT&T during the 1st quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in AT&T during the 4th quarter worth about $27,000. Finally, Hager Investment Management Services LLC grew its position in AT&T by 182.1% during the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock worth $28,000 after purchasing an additional 641 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Thursday, July 24th. UBS Group reaffirmed a "buy" rating and set a $31.00 price target (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Scotiabank increased their price target 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. Finally, Morgan Stanley increased their price target on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $30.21.

AT&T Trading Up 0.2%

Shares of AT&T stock opened at $28.92 on Tuesday. The firm has a market capitalization of $206.79 billion, a PE ratio of 16.43, a P/E/G ratio of 3.57 and a beta of 0.42. AT&T Inc. has a twelve month low of $19.34 and a twelve month high of $29.19. The firm's 50-day moving average price is $27.93 and its 200 day moving average price is $27.27. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

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 analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

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

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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