USS Investment Management Ltd Has $25.84 Million Stock Holdings in AT&T Inc. (NYSE:T)

USS Investment Management Ltd trimmed its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,134,130 shares of the technology company's stock after selling 31,934 shares during the period. USS Investment Management Ltd's holdings in AT&T were worth $25,841,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. 1620 Investment Advisors Inc. boosted its stake in AT&T by 1.6% during the fourth quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in AT&T by 48.6% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after acquiring an additional 430 shares during the period. BNP Paribas boosted its position in AT&T by 1.0% during the 4th quarter. BNP Paribas now owns 41,716 shares of the technology company's stock worth $942,000 after acquiring an additional 430 shares during the period. Whittier Trust Co. boosted its position in AT&T by 0.7% during the 4th quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock worth $1,352,000 after acquiring an additional 433 shares during the period. Finally, Wealthstream Advisors Inc. boosted its position in AT&T by 3.7% during the 4th quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock worth $282,000 after acquiring an additional 444 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

AT&T stock traded up $0.22 on Friday, reaching $27.45. The company's stock had a trading volume of 31,763,115 shares, compared to its average volume of 36,763,603. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $197.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.00 and a beta of 0.42. The business's fifty day moving average price is $27.30 and its 200 day moving average price is $25.09. AT&T Inc. has a twelve month low of $17.11 and a twelve month high of $29.03.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. AT&T's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.55 EPS. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, April 10th. AT&T's dividend payout ratio is currently 68.10%.

Analyst Ratings Changes

A number of equities research analysts have commented on T shares. Evercore ISI raised their price objective on AT&T from $25.00 to $27.00 and gave the stock an "in-line" rating in a research report on Thursday, April 24th. Tigress Financial raised their price target on AT&T from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research note on Thursday, April 24th. Barclays raised their price target on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen raised AT&T from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. One equities 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $28.71.

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.