Vanguard Personalized Indexing Management LLC Buys 179,184 Shares of AT&T Inc. $T

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in AT&T Inc. by 23.0% during the second quarter, acquiring an additional 179,184 shares, bringing its total holdings to 958,928 shares valued at approximately $27.76 million.
• AT&T recently reported a quarterly earnings of $0.54 per share, exceeding expectations, with a revenue of $30.85 billion, which is a 3.4% increase year-over-year.
• The company announced a quarterly dividend of $0.2775 per share, resulting in an annualized yield of 4.3%, with the payment scheduled for November 3rd to shareholders recorded on October 10th.

Vanguard Personalized Indexing Management LLC boosted its stake in shares of AT&T Inc. (NYSE:T - Free Report) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958,928 shares of the technology company's stock after buying an additional 179,184 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in AT&T were worth $27,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Kingstone Capital Partners Texas LLC purchased a new stake in AT&T in the second quarter worth about $5,266,758,000. Nuveen LLC purchased a new stake in AT&T in the first quarter worth about $1,072,128,000. GQG Partners LLC lifted its stake in AT&T by 17.7% in the first 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 period. Ontario Teachers Pension Plan Board lifted its stake in AT&T by 30,527.5% in the first 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 period. Finally, Wellington Management Group LLP lifted its stake in AT&T by 350.4% in the first 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 period. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

T stock opened at $25.85 on Friday. The firm has a market cap of $184.82 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 2.10 and a beta of 0.42. The firm has a 50-day simple moving average of $28.45 and a two-hundred day simple moving average of $27.88. AT&T Inc. has a one year low of $21.05 and a one 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 posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $30.44 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. The ex-dividend date is Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. AT&T's dividend payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $32.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of AT&T in a research note on Wednesday. UBS Group set a $33.00 price target on shares of AT&T in a research report on Thursday, September 18th. Finally, HSBC lowered shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.75.

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.

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