AT&T Inc. (NYSE:T) Shares Sold by Lbp Am Sa

LBP AM SA reduced its stake in AT&T Inc. (NYSE:T - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,295 shares of the technology company's stock after selling 263,607 shares during the period. LBP AM SA's holdings in AT&T were worth $12,819,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of T. Minot DeBlois Advisors LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in shares of AT&T during the 4th quarter worth about $27,000. Core Alternative Capital raised its position in shares of AT&T by 125.4% during the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock worth $29,000 after acquiring an additional 568 shares in the last quarter. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of AT&T during the 4th quarter worth about $30,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Stock Performance

NYSE:T traded down $0.50 during mid-day trading on Thursday, reaching $27.61. The stock had a trading volume of 25,030,281 shares, compared to its average volume of 36,440,534. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market capitalization of $198.63 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.51 and a beta of 0.42. AT&T Inc. has a twelve month low of $18.14 and a twelve month high of $29.19. The business has a 50 day simple moving average of $27.84 and a 200 day simple moving average of $26.27.

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

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.02%. AT&T's payout ratio is 68.10%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company raised their price objective on AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday. Tigress Financial raised their price objective on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Williams Trading set a $30.00 price objective on AT&T in a report on Thursday, April 24th. Citigroup reissued a "buy" rating on shares of AT&T in a report on Tuesday, June 17th. Finally, Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.10.

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.