LPL Financial LLC lifted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,276,324 shares of the technology company's stock after purchasing an additional 123,447 shares during the period. LPL Financial LLC owned about 0.14% of AT&T worth $290,614,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of T. Geode Capital Management LLC lifted its stake in shares of AT&T by 1.6% in 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 during the last quarter. Northern Trust Corp lifted its position in AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock valued at $1,779,438,000 after buying an additional 10,945,679 shares during the last quarter. Capital World Investors boosted its stake in AT&T by 5.2% during the fourth quarter. Capital World Investors now owns 57,425,387 shares of the technology company's stock worth $1,307,576,000 after buying an additional 2,841,837 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AT&T by 31.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company's stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of AT&T by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,032,367 shares of the technology company's stock valued at $1,184,717,000 after acquiring an additional 2,992,073 shares during the period. Institutional investors and hedge funds own 57.10% of the company's stock.
AT&T Stock Up 0.2%
NYSE:T traded up $0.06 during mid-day trading on Thursday, reaching $27.56. The stock had a trading volume of 13,711,150 shares, compared to its average volume of 37,863,590. The stock's 50 day simple moving average is $27.79 and its two-hundred day simple moving average is $26.73. AT&T Inc. has a 1-year low of $18.64 and a 1-year high of $29.19. The company has a market capitalization of $197.03 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.
AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $30.44 billion. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current 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 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's payout ratio is 63.07%.
Analyst Upgrades and Downgrades
T has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on AT&T from $31.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Tigress Financial lifted their price objective on AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Bank of America began coverage on AT&T in a research report on Monday, July 7th. They set a "buy" rating and a $32.00 price objective for the company. Williams Trading set a $30.00 target price on shares of AT&T in a research note on Thursday, April 24th. Finally, Hsbc Global Res downgraded shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $29.66.
Check Out Our Latest Stock Analysis on AT&T
AT&T Profile
(
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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