Generali Investments CEE investicni spolecnost a.s. Acquires 17,794 Shares of AT&T Inc. $T

Key Points

• Generali Investments CEE increased its stake in AT&T by 15.2% during the second quarter, acquiring an additional 17,794 shares to a total of 134,821 shares worth approximately $3.9 million.
• AT&T reported a quarterly earnings per share of $0.54, exceeding expectations and showing a revenue increase of 3.4% year-over-year.
• The company declared a quarterly dividend of $0.2775, reflecting an annualized payout of $1.11, with a dividend yield of 3.9%.

Generali Investments CEE investicni spolecnost a.s. grew its position in AT&T Inc. (NYSE:T - Free Report) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,821 shares of the technology company's stock after purchasing an additional 17,794 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in AT&T were worth $3,902,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of T. Cooper Financial Group grew its stake in shares of AT&T by 9.7% in the second quarter. Cooper Financial Group now owns 26,903 shares of the technology company's stock worth $779,000 after acquiring an additional 2,387 shares during the last quarter. Alley Investment Management Company LLC acquired a new stake in shares of AT&T in the second quarter worth $3,885,000. Truist Financial Corp grew its stake in shares of AT&T by 1.6% in the second quarter. Truist Financial Corp now owns 5,400,197 shares of the technology company's stock worth $156,282,000 after acquiring an additional 82,879 shares during the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of AT&T by 990.0% in the second quarter. Union Bancaire Privee UBP SA now owns 147,646 shares of the technology company's stock worth $4,273,000 after acquiring an additional 134,100 shares during the last quarter. Finally, Chicago Capital LLC boosted its stake in AT&T by 1.1% during the second quarter. Chicago Capital LLC now owns 36,012 shares of the technology company's stock worth $1,042,000 after buying an additional 407 shares in the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Price Performance

AT&T stock opened at $28.25 on Wednesday. The firm has a market capitalization of $202.00 billion, a P/E ratio of 16.05, a PEG ratio of 3.59 and a beta of 0.44. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The business has a 50-day moving average of $28.64 and a 200-day moving average of $27.91. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01.

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 (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 business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the firm earned $0.51 EPS. AT&T's quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 10th. AT&T's dividend payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on T shares. Morgan Stanley lifted their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Sanford C. Bernstein boosted their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Bank of America initiated coverage on shares of AT&T in a research note on Monday, July 7th. They issued a "buy" rating and a $32.00 target price on the stock. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research note on Thursday, July 24th. Finally, Scotiabank boosted their target price on shares of AT&T from $29.50 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.74.

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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