CW Advisors LLC Raises Stock Position in AT&T Inc. $T

Key Points

• CW Advisors LLC increased its stake in AT&T Inc. by 176.0% during the 1st quarter, now holding 347,945 shares valued at approximately $9.55 million.
• AT&T recently declared a quarterly dividend of $0.2775 per share, yielding 3.8%, with a dividend payout ratio of 63.07%.
• Analysts have a generally positive outlook on AT&T, with a consensus rating of "Moderate Buy" and an average target price of $30.21.

CW Advisors LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 176.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,945 shares of the technology company's stock after buying an additional 221,864 shares during the quarter. CW Advisors LLC's holdings in AT&T were worth $9,554,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock valued at $18,411,543,000 after purchasing an additional 8,185,006 shares during the last quarter. GQG Partners LLC raised its position 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 valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the last quarter. Northern Trust Corp raised its position in AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $1,216,665,000 after purchasing an additional 12,881,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $1,508,411,000 after purchasing an additional 1,307,009 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock opened at $29.4350 on Friday. AT&T Inc. has a 12-month low of $19.40 and a 12-month high of $29.56. The stock has a market capitalization of $210.47 billion, a P/E ratio of 16.72, a P/E/G ratio of 3.62 and a beta of 0.42. The firm's 50-day moving average is $27.98 and its two-hundred day moving average is $27.33. 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 released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $30.44 billion. During the same period last year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Tigress Financial upped their price target on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Scotiabank upped their price target on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Citigroup restated a "buy" rating on shares of AT&T in a research report on Tuesday, June 17th. Barclays upped their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.21.

AT&T Company 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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