AT&T Inc. $T Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in AT&T by 22.1% during Q2, now holding over 13.5 million shares valued at approximately $391 million.
• AT&T is set to pay a quarterly dividend of $0.2775 on November 3rd, representing an annual yield of 4.0%, with a payout ratio of 63.07%.
• The company's recent quarterly earnings showed an EPS of $0.54, slightly beating expectations, along with a 3.4% revenue growth year-over-year.

Robeco Institutional Asset Management B.V. boosted its stake in AT&T Inc. (NYSE:T - Free Report) by 22.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,528,471 shares of the technology company's stock after acquiring an additional 2,449,199 shares during the quarter. AT&T accounts for about 0.6% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 25th biggest holding. Robeco Institutional Asset Management B.V. owned 0.19% of AT&T worth $391,514,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capstone Wealth Management LLC acquired a new stake in AT&T during the 1st quarter worth $201,000. Wedmont Private Capital boosted its stake in AT&T by 7.9% during the 1st quarter. Wedmont Private Capital now owns 123,247 shares of the technology company's stock worth $3,302,000 after purchasing an additional 9,027 shares during the last quarter. Xponance Inc. boosted its stake in AT&T by 10.2% during the 1st quarter. Xponance Inc. now owns 1,109,933 shares of the technology company's stock worth $31,389,000 after purchasing an additional 102,419 shares during the last quarter. NBT Bank N A NY boosted its stake in AT&T by 7.5% during the 1st quarter. NBT Bank N A NY now owns 129,428 shares of the technology company's stock worth $3,660,000 after purchasing an additional 8,989 shares during the last quarter. Finally, Park Edge Advisors LLC acquired a new stake in AT&T during the 1st quarter worth $1,000,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 2.5%

Shares of T opened at $27.55 on Thursday. The firm has a market cap of $196.96 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 3.62 and a beta of 0.42. AT&T Inc. has a 12-month low of $21.05 and a 12-month high of $29.79. The company's 50-day moving average price is $28.63 and its 200 day moving average price is $27.91. 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 data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 10th. AT&T's payout ratio is 63.07%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on T. UBS Group set a $33.00 target price on shares of AT&T in a research note on Thursday, September 18th. Bank of America assumed coverage on shares of AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley boosted their price target on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $33.00 price target (up previously from $31.00) on shares of AT&T in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, AT&T has a consensus rating of "Moderate Buy" and a consensus target price of $30.74.

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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