Teewinot Capital Advisers L.L.C. Invests $2.12 Million in AT&T Inc. $T

Key Points

• Teewinot Capital Advisers L.L.C. recently made a new investment in AT&T Inc., purchasing 74,818 shares valued at approximately $2.12 million, which constitutes about 0.2% of their overall portfolio.
• AT&T reported a net margin of 10.29% and revenues of $30.85 billion for the last quarter, exceeding analysts' expectations and showing a 3.4% year-over-year increase.
• Several institutional investors have increased their stakes in AT&T, with 57.10% of the company's stock now owned by institutional investors and hedge funds.

Teewinot Capital Advisers L.L.C. bought a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,818 shares of the technology company's stock, valued at approximately $2,116,000. AT&T makes up 0.2% of Teewinot Capital Advisers L.L.C.'s investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in AT&T by 1.3% during the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after purchasing an additional 8,185,006 shares in the last quarter. GQG Partners LLC boosted its stake in shares of AT&T by 17.7% during the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company's stock valued at $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 boosted its stake 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. Dimensional Fund Advisors LP boosted its stake in shares of AT&T by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock valued at $1,508,411,000 after acquiring an additional 1,307,009 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of AT&T by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 49,038,107 shares of the technology company's stock valued at $1,386,798,000 after acquiring an additional 238,873 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

T has been the topic of a number of analyst reports. Hsbc Global Res lowered AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. HSBC lowered AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective on the stock. in a research note on Thursday, July 24th. UBS Group set a $32.00 price objective on AT&T in a research note on Thursday. Wells Fargo & Company increased their price objective on AT&T from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $31.00 price objective (up previously from $30.00) on shares of AT&T in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.60.

AT&T Trading Down 2.3%

AT&T stock traded down $0.69 during trading on Monday, hitting $28.91. The company's stock had a trading volume of 40,572,915 shares, compared to its average volume of 27,213,860. The stock has a market capitalization of $206.68 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 3.66 and a beta of 0.44. The stock's fifty day moving average is $28.23 and its 200 day moving average is $27.66. AT&T Inc. has a 1-year low of $20.92 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.76 and a current ratio of 0.81.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm 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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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

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.