MBB Public Markets I LLC Takes Position in AT&T Inc. $T

Key Points

• MBB Public Markets I LLC acquired a new stake in AT&T Inc. during the first quarter, purchasing 11,879 shares valued at approximately $336,000, as reported in a recent SEC filing.
• AT&T's recent quarterly earnings report showed a net margin of 10.29%, with earnings per share (EPS) of $0.54, surpassing analysts' estimates of $0.53.
• The company declared a quarterly dividend of $0.2775 per share, representing an annualized yield of 3.8%, with a current dividend payout ratio of 63.07%.

MBB Public Markets I LLC acquired a new stake in AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,879 shares of the technology company's stock, valued at approximately $336,000.

Other large investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in AT&T during the first quarter worth approximately $1,072,128,000. GQG Partners LLC grew its holdings in shares of AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock worth $3,222,711,000 after acquiring an additional 17,177,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of AT&T by 31.8% in the 4th 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 worth $1,216,665,000 after acquiring an additional 12,881,578 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company's stock worth $338,213,000 after acquiring an additional 11,920,392 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of AT&T by 350.4% in the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company's stock worth $321,372,000 after acquiring an additional 8,841,126 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.1%

AT&T stock opened at $29.57 on Monday. The company's fifty day simple moving average is $28.23 and its 200-day simple moving average is $27.65. AT&T Inc. has a 12 month low of $20.65 and a 12 month high of $29.79. The stock has a market cap of $211.40 billion, a P/E ratio of 16.80, a P/E/G ratio of 3.66 and a beta of 0.44. The company has a quick ratio of 0.76, a current ratio of 0.81 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, topping analysts' consensus estimates of $0.53 by $0.01. The firm had revenue of $30.85 billion during the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a yield of 3.8%. AT&T's dividend payout ratio is currently 63.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on T. Hsbc Global Res cut AT&T from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. Morgan Stanley boosted their price target 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. Wells Fargo & Company lifted their price objective on shares of AT&T from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research report on Thursday, July 24th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $31.00 price objective (up from $30.00) on shares of AT&T in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $30.60.

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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