Belpointe Asset Management LLC Has $3.46 Million Holdings in AT&T Inc. (NYSE:T)

Belpointe Asset Management LLC boosted its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,806 shares of the technology company's stock after purchasing an additional 14,551 shares during the period. Belpointe Asset Management LLC's holdings in AT&T were worth $3,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in T. Vanguard Group Inc. lifted its holdings in AT&T by 1.0% during 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 purchasing an additional 6,220,442 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of AT&T by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company's stock worth $3,719,723,000 after buying an additional 2,640,644 shares in the last quarter. GQG Partners LLC increased its holdings in shares of AT&T by 37.3% during the fourth 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. Bank of New York Mellon Corp raised its stake in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock valued at $1,948,943,000 after acquiring an additional 5,649,277 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of AT&T in the 4th quarter worth approximately $1,858,418,000. Institutional investors own 57.10% of the company's stock.

Remove Ads

AT&T Trading Up 1.1 %

Shares of NYSE T traded up $0.29 during midday trading on Tuesday, reaching $27.49. 25,705,713 shares of the stock were exchanged, compared to its average volume of 36,795,363. 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 Inc. has a 12 month low of $15.94 and a 12 month high of $29.03. The business has a 50-day simple moving average of $26.65 and a two-hundred day simple moving average of $24.03. The company has a market capitalization of $197.35 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.04%. AT&T's payout ratio is 74.50%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on T shares. Royal Bank of Canada lifted their price objective on AT&T from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. BNP Paribas raised AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target for the company in a report on Thursday, February 13th. Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $19.00 to $28.00 in a research report on Monday, December 16th. Sanford C. Bernstein upped their target price 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. Finally, UBS Group raised their price target on shares of AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AT&T currently has an average rating of "Moderate Buy" and an average price target of $27.24.

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.