Point72 Europe London LLP increased its position in AT&T Inc. (NYSE:T - Free Report) by 429.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,469,677 shares of the technology company's stock after purchasing an additional 2,814,703 shares during the period. AT&T accounts for 4.6% of Point72 Europe London LLP's portfolio, making the stock its 2nd biggest position. Point72 Europe London LLP's holdings in AT&T were worth $79,005,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of T. Minot DeBlois Advisors LLC purchased a new position in AT&T during the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in AT&T in the 4th quarter worth $28,000. YANKCOM Partnership purchased a new position in AT&T during the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC grew its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock valued at $30,000 after purchasing an additional 430 shares in the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of AT&T in the 4th quarter worth about $34,000. 57.10% of the stock is currently owned by institutional investors.
AT&T Stock Performance
T stock opened at $26.49 on Thursday. AT&T Inc. has a 1 year low of $17.11 and a 1 year high of $29.03. The stock has a market capitalization of $190.61 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 3.00 and a beta of 0.42. 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 stock's fifty day moving average is $27.15 and its two-hundred day moving average is $24.83.
AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The company 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%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. On average, research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th were issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Thursday, April 10th. AT&T's payout ratio is 68.10%.
Analyst Ratings Changes
A number of research firms recently commented on T. DZ Bank raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price target for the company in a research note on Wednesday, January 29th. Scotiabank reissued an "outperform" rating on shares of AT&T in a research report on Thursday, April 24th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. JPMorgan Chase & Co. boosted their price objective on shares of AT&T from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on shares of AT&T from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AT&T currently has an average rating of "Moderate Buy" and a consensus target price of $28.71.
View Our Latest Stock Analysis on AT&T
AT&T Profile
(
Free Report)
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.
See Also
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