9,291 Shares in AT&T Inc. $T Acquired by Watts Gwilliam & Co. LLC

Key Points

• Watts Gwilliam & Co. LLC has acquired 9,291 shares of AT&T Inc., valued at approximately $263,000, as reported in their recent SEC filing.
• AT&T reported a net margin of 10.29% and a 3.4% increase in revenue year-over-year, with earnings per share of $0.54 for the latest quarter.
• The company recently announced a quarterly dividend of $0.2775 per share, representing an annualized yield of 3.8%.

Watts Gwilliam & Co. LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,291 shares of the technology company's stock, valued at approximately $263,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of AT&T by 1.3% in the first quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company's stock worth $18,411,543,000 after buying an additional 8,185,006 shares during the period. GQG Partners LLC raised its holdings in 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 buying an additional 17,177,874 shares in the last quarter. Northern Trust Corp increased its stake in shares of AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company's stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of AT&T by 31.8% in 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 worth $1,216,665,000 after purchasing an additional 12,881,578 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of AT&T by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company's stock worth $1,508,411,000 after purchasing an additional 1,307,009 shares during the period. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on T. Barclays lifted their target price on AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Bank of America initiated coverage on AT&T in a report on Monday, July 7th. They set a "buy" rating and a $32.00 price objective on the stock. Hsbc Global Res cut shares of AT&T from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. Tigress Financial lifted their target price on shares of AT&T from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, HSBC cut shares of AT&T from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a research report on Thursday, July 24th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.21.

AT&T Stock Down 2.4%

Shares of AT&T stock traded down $0.7110 during trading hours on Friday, reaching $28.7290. 33,993,083 shares of the company's stock were exchanged, compared to its average volume of 30,014,602. The company has a 50 day moving average of $27.99 and a two-hundred day moving average of $27.36. AT&T Inc. has a fifty-two week low of $19.51 and a fifty-two week high of $29.65. 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 stock has a market cap of $205.42 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.64 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.01. The company had revenue of $30.85 billion for the quarter, compared to analysts' expectations of $30.44 billion. AT&T had a net margin of 10.29% and a return on equity of 13.36%. AT&T's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, July 10th. AT&T's dividend payout ratio is currently 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.