Banco Bilbao Vizcaya Argentaria S.A. Cuts Stock Holdings in AT&T Inc. (NYSE:T)

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in AT&T Inc. (NYSE:T - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,244,866 shares of the technology company's stock after selling 132,364 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in AT&T were worth $28,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Passumpsic Savings Bank raised its stake in AT&T by 12.2% in the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock valued at $382,000 after buying an additional 1,893 shares in the last quarter. Sculati Wealth Management LLC increased its holdings in shares of AT&T by 38.9% in the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after acquiring an additional 12,772 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of AT&T by 6.1% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock worth $2,848,000 after acquiring an additional 7,394 shares in the last quarter. World Investment Advisors LLC boosted its holdings in AT&T by 28.4% in the third quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock valued at $3,831,000 after purchasing an additional 38,548 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in AT&T by 386.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 266,565 shares of the technology company's stock valued at $5,864,000 after purchasing an additional 211,723 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.8 %

Shares of NYSE T opened at $27.17 on Thursday. The stock has a market capitalization of $195.02 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 52 week low of $16.38 and a 52 week high of $29.03. The firm has a 50-day moving average price of $26.91 and a 200 day moving average price of $24.24. 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 posted 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 company had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently declared 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 4.09%. The ex-dividend date is Thursday, April 10th. AT&T's dividend payout ratio (DPR) is presently 74.50%.

Wall Street Analysts Forecast Growth

T has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 28th. Tigress Financial upped their price objective on shares of AT&T from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. DZ Bank raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Wednesday, January 29th. Scotiabank boosted their target price on AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. Finally, Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. One 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.24.

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.

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