GQG Partners LLC Boosts Holdings in AT&T Inc. (NYSE:T)

GQG Partners LLC grew its position in shares of AT&T Inc. (NYSE:T - Free Report) by 37.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,779,385 shares of the technology company's stock after buying an additional 26,280,866 shares during the quarter. AT&T makes up about 3.3% of GQG Partners LLC's investment portfolio, making the stock its 10th biggest position. GQG Partners LLC owned 1.35% of AT&T worth $2,203,667,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Modern Wealth Management LLC increased its stake in shares of AT&T by 10.2% in the fourth quarter. Modern Wealth Management LLC now owns 73,504 shares of the technology company's stock valued at $1,827,000 after buying an additional 6,794 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in AT&T in the 4th quarter valued at about $299,000. Towercrest Capital Management increased its position in AT&T by 1.7% in the 4th quarter. Towercrest Capital Management now owns 29,776 shares of the technology company's stock valued at $678,000 after acquiring an additional 496 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in AT&T in the 4th quarter valued at about $147,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of AT&T during the fourth quarter worth approximately $149,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Down 0.0 %

NYSE:T traded down $0.00 during trading hours on Friday, reaching $28.20. 35,072,594 shares of the stock were exchanged, compared to its average volume of 36,189,161. The stock has a market cap of $202.40 billion, a PE ratio of 18.92, a PEG ratio of 3.00 and a beta of 0.56. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.51. The firm has a 50 day moving average of $25.70 and a 200 day moving average of $23.51. 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 Monday, January 27th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. On average, equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 3.94%. AT&T's dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on T shares. Citigroup raised their price target on shares of AT&T from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Argus upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a research report on Thursday, January 16th. Barclays raised their price target on AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Sanford C. Bernstein boosted their price objective on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $19.00 to $28.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average price target of $26.79.

About AT&T

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.