Caxton Associates LLP Makes New Investment in AT&T Inc. $T

Key Points

• Caxton Associates LLP has acquired a new stake in AT&T Inc., purchasing 146,172 shares valued at approximately $4.13 million.
• Analysts remain positive on AT&T, with a consensus rating of "Moderate Buy" and a target price of $30.55.
• AT&T reported quarterly earnings of $0.54 EPS, exceeding analysts' expectations and demonstrating 3.4% revenue growth year-over-year.

Caxton Associates LLP acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 146,172 shares of the technology company's stock, valued at approximately $4,134,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in AT&T by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after purchasing an additional 8,185,006 shares during the period. GQG Partners LLC boosted its holdings in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after buying an additional 17,177,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AT&T by 31.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in AT&T by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock worth $1,508,411,000 after purchasing an additional 1,307,009 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in AT&T by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,038,107 shares of the technology company's stock worth $1,386,798,000 after purchasing an additional 238,873 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on T. UBS Group reissued a "buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research note on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research note on Thursday, July 24th. Sanford C. Bernstein upped their price objective on AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Finally, HSBC cut 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.55.

AT&T Stock Down 0.1%

NYSE:T opened at $29.57 on Monday. 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's fifty day moving average is $28.23 and its two-hundred day moving average is $27.65. AT&T Inc. has a 52 week low of $20.65 and a 52 week high of $29.79. The stock has a market capitalization of $211.40 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 3.66 and a beta of 0.44.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $30.44 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. Research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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

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