StoneX Group Inc. Acquires 20,294 Shares of AT&T Inc. (NYSE:T)

StoneX Group Inc. raised its holdings in AT&T Inc. (NYSE:T - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 148,353 shares of the technology company's stock after purchasing an additional 20,294 shares during the quarter. StoneX Group Inc.'s holdings in AT&T were worth $3,378,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of T. Norges Bank bought a new stake in shares of AT&T during the fourth quarter valued at approximately $1,858,418,000. GQG Partners LLC lifted its holdings in AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares in the last quarter. Assetmark Inc. boosted its position in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of AT&T by 1.0% in the 4th 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. Finally, Bank of New York Mellon Corp raised its position in shares of 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 worth $1,948,943,000 after acquiring an additional 5,649,277 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

T has been the subject of a number of research reports. UBS Group lifted their price objective on AT&T from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. DZ Bank upgraded 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 report on Wednesday, January 29th. Scotiabank increased their price objective on shares of AT&T from $26.00 to $28.50 and gave the company a "sector outperform" rating in a report on Monday, March 3rd. Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.21.

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AT&T Stock Up 0.7 %

Shares of AT&T stock traded up $0.21 on Tuesday, hitting $28.49. The company had a trading volume of 43,976,615 shares, compared to its average volume of 36,292,622. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $28.61. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The stock has a 50-day moving average of $25.94 and a 200-day moving average of $23.64. The firm has a market capitalization of $204.47 billion, a P/E ratio of 19.12, a P/E/G ratio of 3.00 and a beta of 0.56.

AT&T (NYSE:T - Get Free Report) last released its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts predict that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is 74.50%.

AT&T 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.