AT&T Inc. (NYSE:T) Stock Position Lessened by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,313 shares of the technology company's stock after selling 22,144 shares during the quarter. Moloney Securities Asset Management LLC's holdings in AT&T were worth $2,271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC raised its position 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 worth $3,719,723,000 after buying an additional 2,640,644 shares during the period. GQG Partners LLC raised its position in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the period. Norges Bank purchased a new position in shares of AT&T in the 4th quarter worth $1,858,418,000. Finally, Northern Trust Corp raised its position in shares of AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after buying an additional 10,945,679 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded AT&T from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Cowen restated a "hold" rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Bank of America began coverage on AT&T in a research report on Monday. They set a "buy" rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $29.05.

AT&T Stock Performance

Shares of AT&T stock traded down $0.18 during trading hours on Wednesday, reaching $28.11. The company's stock had a trading volume of 34,408,206 shares, compared to its average volume of 36,439,488. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The company's 50 day simple moving average is $27.83 and its 200 day simple moving average is $26.23. 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 stock has a market cap of $202.27 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 4.67 and a beta of 0.42.

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

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's dividend payout ratio is presently 68.10%.

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.