3,649,540 Shares in AT&T Inc. (NYSE:T) Bought by Junto Capital Management LP

Junto Capital Management LP bought a new stake in AT&T Inc. (NYSE:T - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,649,540 shares of the technology company's stock, valued at approximately $83,100,000. AT&T comprises about 1.6% of Junto Capital Management LP's portfolio, making the stock its 22nd biggest holding. Junto Capital Management LP owned 0.05% of AT&T as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after buying an additional 6,220,442 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of AT&T by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock valued at $3,719,723,000 after buying an additional 2,640,644 shares during the period. GQG Partners LLC lifted its holdings in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of AT&T by 7.1% during the 4th quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after purchasing an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of AT&T in the fourth quarter worth about $1,858,418,000. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE T traded down $0.40 during mid-day trading on Tuesday, hitting $26.62. The company had a trading volume of 6,538,820 shares, compared to its average volume of 36,479,049. The business's 50-day simple moving average is $27.17 and its 200-day simple moving average is $24.80. AT&T Inc. has a 12 month low of $17.11 and a 12 month high of $29.03. The firm has a market cap of $191.51 billion, a P/E ratio of 17.92, a PEG ratio of 3.00 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62.

AT&T (NYSE:T - Get Free Report) last released 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 firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. AT&T's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. As a group, analysts predict that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were paid a $0.2775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.17%. AT&T's payout ratio is 68.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on T. Royal Bank of Canada lifted their target price on shares of AT&T from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price objective on shares of AT&T in a research note on Thursday, April 24th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Thursday, January 16th. Wells Fargo & Company raised their price objective on shares of AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Barclays boosted their price objective on AT&T from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

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.