Commonwealth Equity Services LLC Has $118.03 Million Stock Holdings in AT&T Inc. (NYSE:T)

Key Points

• Commonwealth Equity Services LLC increased its holdings in AT&T by 2.6%, now owning approximately 4.17 million shares valued at $118.03 million, as confirmed by a recent SEC filing.
• AT&T reported a quarterly earnings of $0.54 per share, surpassing analysts' expectations, with revenue of $30.85 billion, an increase of 3.4% from the previous year.
• The company declared a quarterly dividend of $0.2775, translating to an annual yield of 4.0% and a dividend payout ratio of 63.07%.

Commonwealth Equity Services LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,173,634 shares of the technology company's stock after buying an additional 104,970 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of AT&T worth $118,030,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp grew its position in AT&T by 16.3% during the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after buying an additional 10,945,679 shares during the period. Capital World Investors boosted its position in AT&T by 5.2% during the fourth quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock worth $1,307,576,000 after purchasing an additional 2,841,837 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AT&T by 31.8% during the fourth 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 purchasing an additional 12,881,578 shares during the period. Dimensional Fund Advisors LP boosted its position in AT&T by 6.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,032,367 shares of the technology company's stock worth $1,184,717,000 after purchasing an additional 2,992,073 shares during the period. Finally, Invesco Ltd. boosted its position in AT&T by 18.2% during the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock worth $1,085,034,000 after purchasing an additional 7,347,354 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 1.3%

Shares of T opened at $27.76 on Monday. The business's 50 day simple moving average is $27.80 and its 200-day simple moving average is $26.88. AT&T Inc. has a 1 year low of $18.64 and a 1 year high of $29.19. The stock has a market capitalization of $198.49 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

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 for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's dividend payout ratio (DPR) is presently 63.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on T. Morgan Stanley raised their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Evercore ISI lifted their price target on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of AT&T from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Scotiabank lifted their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Finally, UBS Group reiterated a "buy" rating and issued a $31.00 price target (up previously from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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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