Caisse Des Depots ET Consignations Has $9.78 Million Stake in AT&T Inc. (NYSE:T)

Caisse Des Depots ET Consignations boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 4.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,983 shares of the technology company's stock after buying an additional 13,836 shares during the quarter. Caisse Des Depots ET Consignations' holdings in AT&T were worth $9,784,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T in the fourth quarter valued at about $27,000. Hager Investment Management Services LLC grew its position in shares of AT&T by 182.1% in the first 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 last quarter. Finally, Core Alternative Capital grew its position in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after buying an additional 568 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 2.0%

Shares of T opened at $28.05 on Friday. AT&T Inc. has a 12 month low of $18.97 and a 12 month high of $29.19. The company has a 50-day moving average price of $27.83 and a two-hundred day moving average price of $26.97. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $200.59 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 3.41 and a beta of 0.42.

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

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. AT&T's payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on T shares. Evercore ISI lifted their target price on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Hsbc Global Res downgraded AT&T from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on AT&T from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Cowen reissued a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.66.

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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