DekaBank Deutsche Girozentrale increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,402,421 shares of the technology company's stock after purchasing an additional 12,142 shares during the period. DekaBank Deutsche Girozentrale's holdings in AT&T were worth $68,124,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in T. AlphaStar Capital Management LLC increased its stake in shares of AT&T by 3.7% during the 1st quarter. AlphaStar Capital Management LLC now owns 89,934 shares of the technology company's stock worth $2,543,000 after purchasing an additional 3,186 shares in the last quarter. CapWealth Advisors LLC increased its stake in shares of AT&T by 3.8% during the 1st quarter. CapWealth Advisors LLC now owns 15,359 shares of the technology company's stock worth $434,000 after purchasing an additional 565 shares in the last quarter. 49 Wealth Management LLC purchased a new position in shares of AT&T during the 1st quarter worth approximately $671,000. Exane Asset Management purchased a new position in shares of AT&T during the 1st quarter worth approximately $8,520,000. Finally, Stratos Investment Management LLC increased its stake in shares of AT&T by 74.1% during the 1st quarter. Stratos Investment Management LLC now owns 16,275 shares of the technology company's stock worth $460,000 after purchasing an additional 6,925 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Trading Down 1.8%
Shares of NYSE T traded down $0.50 during trading on Thursday, hitting $27.61. 25,030,281 shares of the company traded hands, compared to its average volume of 36,440,534. AT&T Inc. has a 1 year low of $18.14 and a 1 year high of $29.19. The company has a 50-day moving average price of $27.84 and a 200-day moving average price of $26.24. The firm has a market capitalization of $198.63 billion, a P/E ratio of 16.94, a P/E/G ratio of 3.51 and a beta of 0.42. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98.
AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.02%. AT&T's payout ratio is 68.10%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Evercore ISI raised their target price on shares of AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Cowen restated a "hold" rating on shares of AT&T in a research report on Thursday, April 24th. Williams Trading set a $30.00 target price on shares of AT&T in a research report on Thursday, April 24th. Finally, Scotiabank restated an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.10.
Read Our Latest Stock Report on T
AT&T Company Profile
(
Free Report)
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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