Natixis Advisors LLC Grows Position in AT&T Inc. (NYSE:T)

Key Points

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Natixis Advisors LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 28.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,005,975 shares of the technology company's stock after buying an additional 659,520 shares during the quarter. Natixis Advisors LLC's holdings in AT&T were worth $85,009,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $25,000. Putney Financial Group LLC purchased a new stake in shares of AT&T in the 4th quarter valued at approximately $27,000. Hager Investment Management Services LLC increased its position in shares of AT&T by 182.1% in the 1st quarter. Hager Investment Management Services LLC now owns 993 shares of the technology company's stock valued at $28,000 after purchasing an additional 641 shares during the last quarter. Finally, Core Alternative Capital increased its position in shares of AT&T by 125.4% in the 1st quarter. Core Alternative Capital now owns 1,021 shares of the technology company's stock valued at $29,000 after purchasing an additional 568 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors and hedge funds.

AT&T Trading Up 0.7%

Shares of NYSE T traded up $0.21 during midday trading on Friday, reaching $27.62. 6,640,596 shares of the stock were exchanged, compared to its average volume of 37,779,449. The stock has a 50 day moving average price of $27.80 and a 200-day moving average price of $26.77. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $197.46 billion, a P/E ratio of 15.68, a P/E/G ratio of 3.41 and a beta of 0.42. AT&T Inc. has a 52-week low of $18.64 and a 52-week high of $29.19.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share 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 net margin of 10.29% and a return on equity of 13.36%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 10th. AT&T's payout ratio is currently 63.07%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore ISI increased their target price on shares of AT&T from $25.00 to $27.00 and gave the company an "in-line" rating in a research report on Thursday, April 24th. Barclays increased their target price on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. HSBC downgraded shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 target price on the stock. in a research report on Thursday, July 24th. Royal Bank Of Canada raised their price objective on shares of AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Tigress Financial raised their price objective on shares of AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.66.

AT&T Company 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.