SLT Holdings LLC Makes New Investment in AT&T Inc. (NYSE:T)

SLT Holdings LLC acquired a new position in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,725 shares of the technology company's stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also bought and sold shares of T. Geode Capital Management LLC raised its stake in AT&T by 2.3% in the third quarter. Geode Capital Management LLC now owns 161,120,657 shares of the technology company's stock worth $3,532,684,000 after buying an additional 3,630,972 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of AT&T by 7.1% in 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 acquiring an additional 5,649,277 shares in the last quarter. FMR LLC lifted its stake in shares of AT&T by 1.9% during the 3rd quarter. FMR LLC now owns 60,986,064 shares of the technology company's stock worth $1,341,693,000 after purchasing an additional 1,149,688 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of AT&T by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 53,057,676 shares of the technology company's stock worth $1,208,123,000 after purchasing an additional 414,984 shares during the last quarter. Finally, Amundi boosted its position in AT&T by 19.8% during the fourth quarter. Amundi now owns 33,963,826 shares of the technology company's stock valued at $753,318,000 after purchasing an additional 5,614,168 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

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AT&T Price Performance

Shares of NYSE T traded up $0.42 during mid-day trading on Friday, reaching $27.15. The company's stock had a trading volume of 35,337,449 shares, compared to its average volume of 40,747,570. The stock has a market capitalization of $194.85 billion, a P/E ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $27.97. The stock has a 50-day moving average of $24.30 and a two-hundred day moving average of $22.84. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DZ Bank upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Wednesday, January 29th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer initiated coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 target price for the company. Scotiabank raised their price target on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a research report on Monday, March 3rd. Finally, UBS Group upped their price objective on shares of AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.74.

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.