Brandywine Global Investment Management LLC decreased its position in AT&T Inc. (NYSE:T - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,388,472 shares of the technology company's stock after selling 861,033 shares during the period. AT&T comprises approximately 1.7% of Brandywine Global Investment Management LLC's portfolio, making the stock its 6th biggest holding. Brandywine Global Investment Management LLC owned 0.14% of AT&T worth $236,546,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. 1620 Investment Advisors Inc. lifted its stake in shares of AT&T by 1.6% during the 4th quarter. 1620 Investment Advisors Inc. now owns 26,161 shares of the technology company's stock valued at $596,000 after buying an additional 421 shares in the last quarter. Tradewinds Capital Management LLC lifted its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company's stock worth $30,000 after buying an additional 430 shares in the last quarter. Whittier Trust Co. boosted its position in shares of AT&T by 0.7% in the fourth quarter. Whittier Trust Co. now owns 59,394 shares of the technology company's stock valued at $1,352,000 after acquiring an additional 433 shares during the period. Wealthstream Advisors Inc. grew its stake in AT&T by 3.7% during the fourth quarter. Wealthstream Advisors Inc. now owns 12,383 shares of the technology company's stock valued at $282,000 after acquiring an additional 444 shares in the last quarter. Finally, Northeast Investment Management lifted its stake in AT&T by 0.9% in the 4th quarter. Northeast Investment Management now owns 51,198 shares of the technology company's stock worth $1,166,000 after purchasing an additional 451 shares in the last quarter. 57.10% of the stock is owned by institutional investors.
AT&T Stock Up 0.5 %
NYSE T traded up $0.15 during trading hours on Monday, reaching $28.33. 50,147,997 shares of the company's stock traded hands, compared to its average volume of 36,244,800. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.55. 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 firm has a 50-day simple moving average of $25.70 and a 200 day simple moving average of $23.54. The firm has a market cap of $203.32 billion, a PE ratio of 19.01, a PEG 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, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. Sell-side analysts anticipate that AT&T Inc. will post 2.14 EPS for the current fiscal year.
AT&T Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 annualized dividend and a dividend yield of 3.92%. AT&T's payout ratio is presently 74.50%.
Analyst Upgrades and Downgrades
T has been the subject of several recent analyst reports. 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. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Scotiabank upped their price target 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. Finally, BNP Paribas raised shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price target on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.00.
Get Our Latest Analysis on AT&T
AT&T Company Profile
(
Free Report)
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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