IFM Investors Pty Ltd Buys 129,055 Shares of AT&T Inc. (NYSE:T)

IFM Investors Pty Ltd grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,498,960 shares of the technology company's stock after purchasing an additional 129,055 shares during the quarter. IFM Investors Pty Ltd's holdings in AT&T were worth $42,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in AT&T in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the 4th quarter worth approximately $27,000. Ball & Co Wealth Management Inc. bought a new stake in shares of AT&T in the 4th quarter valued at $30,000. Finally, REAP Financial Group LLC lifted its position in shares of AT&T by 115.2% during the 4th quarter. REAP Financial Group LLC now owns 1,358 shares of the technology company's stock valued at $31,000 after acquiring an additional 727 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 0.1%

Shares of NYSE T traded up $0.02 during trading on Friday, hitting $28.33. The stock had a trading volume of 21,085,177 shares, compared to its average volume of 36,473,882. The firm has a fifty day moving average of $27.76 and a two-hundred day moving average of $26.08. The company has a market capitalization of $203.82 billion, a PE ratio of 17.38, a PEG ratio of 4.02 and a beta of 0.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. AT&T Inc. has a 12 month low of $18.14 and a 12 month high of $29.19.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. As a group, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, July 10th. AT&T's payout ratio is 68.10%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on T shares. Wall Street Zen upgraded shares of AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. raised their target price on AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research report on Thursday, April 24th. Evercore ISI upped their price target on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research note on Thursday, April 24th. Finally, Oppenheimer raised their price objective on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AT&T currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.90.

AT&T 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.