Financial Sense Advisors Inc. lowered its position in AT&T Inc. (NYSE:T - Free Report) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,038 shares of the technology company's stock after selling 14,361 shares during the quarter. Financial Sense Advisors Inc.'s holdings in AT&T were worth $849,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares in the last quarter. GQG Partners LLC increased its holdings in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after purchasing an additional 26,280,866 shares in the last quarter. Norges Bank acquired a new stake in AT&T during the 4th quarter valued at $1,858,418,000. Northern Trust Corp increased its holdings in AT&T by 16.3% during 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 in the last quarter. Finally, Capital World Investors increased its holdings in AT&T by 5.2% during the 4th quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock valued at $1,307,576,000 after purchasing an additional 2,841,837 shares in the last quarter. Institutional investors own 57.10% of the company's stock.
Analysts Set New Price Targets
T has been the subject of a number of recent analyst reports. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Cowen reissued a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. 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. Citigroup reissued a "buy" rating on shares of AT&T in a research note on Tuesday, June 17th. Finally, Royal Bank Of Canada lifted their target price on AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.37.
Get Our Latest Research Report on AT&T
AT&T Trading Up 0.6%
T stock traded up $0.17 during midday trading on Friday, hitting $28.09. 14,229,076 shares of the company's stock were exchanged, compared to its average volume of 38,040,352. The stock's fifty day moving average price is $27.80 and its 200-day moving average price is $26.58. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 0.81. The company has a market cap of $202.09 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42. AT&T Inc. has a one year low of $18.64 and a one year high of $29.19.
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, beating the consensus estimate of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter last year, the business posted $0.51 EPS. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, July 10th. AT&T's dividend payout ratio is 68.10%.
About AT&T
(
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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