Huber Capital Management LLC lifted its stake in AT&T Inc. (NYSE:T - Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624,785 shares of the technology company's stock after acquiring an additional 46,800 shares during the quarter. AT&T accounts for about 3.3% of Huber Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Huber Capital Management LLC's holdings in AT&T were worth $17,669,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in shares of AT&T in the first quarter worth approximately $25,000. Hager Investment Management Services LLC grew its position in AT&T by 182.1% during the first quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after buying an additional 641 shares during the period. IMA Advisory Services Inc. purchased a new stake in AT&T during the first quarter valued at approximately $29,000. Core Alternative Capital increased its holdings in AT&T by 125.4% during the first quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after buying an additional 568 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in AT&T during the fourth quarter valued at approximately $25,000. 57.10% of the stock is currently owned by institutional investors.
AT&T Price Performance
Shares of NYSE:T opened at $29.06 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a fifty day moving average price of $28.05 and a 200 day moving average price of $27.45. AT&T Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $29.65. The firm has a market cap of $207.75 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 3.53 and a beta of 0.42.
AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. AT&T's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.
AT&T Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T's dividend payout ratio is currently 63.07%.
Wall Street Analyst Weigh In
A number of brokerages have commented on T. JPMorgan Chase & Co. upped their target price 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. Citigroup reaffirmed a "buy" rating on shares of AT&T in a report on Tuesday. Raymond James Financial reaffirmed a "strong-buy" rating and set a $31.00 target price (up from $30.00) on shares of AT&T in a report on Thursday, July 24th. Morgan Stanley upped their target price on shares of AT&T from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Bank of America began coverage on shares of AT&T in a report on Monday, July 7th. They set a "buy" rating and a $32.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.21.
Check Out Our Latest Research Report on T
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.
Further Reading
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