OMERS ADMINISTRATION Corp Reduces Stock Holdings in AT&T Inc. (NYSE:T)

OMERS ADMINISTRATION Corp decreased its holdings in AT&T Inc. (NYSE:T - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 435,796 shares of the technology company's stock after selling 37,353 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in AT&T were worth $9,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in T. Vanguard Group Inc. lifted its position 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 valued at $14,637,914,000 after buying an additional 6,220,442 shares during the period. Geode Capital Management LLC lifted its position in AT&T by 1.6% during the fourth 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 position in AT&T by 37.3% during the fourth 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 period. Bank of New York Mellon Corp lifted its position in AT&T by 7.1% during the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after buying an additional 5,649,277 shares during the period. Finally, Norges Bank purchased a new position in AT&T during the fourth quarter valued at $1,858,418,000. Hedge funds and other institutional investors own 57.10% of the company's stock.

AT&T Trading Down 3.0%

AT&T stock opened at $27.01 on Tuesday. The business has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $24.80. The company has a market cap of $194.37 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52-week low of $17.11 and a 52-week high of $29.03. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for 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%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th were given a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. AT&T's payout ratio is currently 68.10%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Securities raised their price objective on AT&T from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, April 24th. StockNews.com raised AT&T from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Royal Bank of Canada lifted their price target on AT&T from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Williams Trading set a $30.00 price target on AT&T in a research report on Thursday, April 24th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.