AT&T Inc. (NYSE:T) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 402.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,478,108 shares of the technology company's stock after acquiring an additional 5,188,460 shares during the quarter. AT&T makes up 0.7% of Bridgewater Associates LP's portfolio, making the stock its 24th largest holding. Bridgewater Associates LP owned 0.09% of AT&T worth $147,507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of T. M&T Bank Corp raised its holdings in AT&T by 1.1% during the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock valued at $23,178,000 after acquiring an additional 11,895 shares during the period. Passumpsic Savings Bank lifted its holdings in AT&T by 12.2% in the 3rd quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock worth $382,000 after purchasing an additional 1,893 shares in the last quarter. Sculati Wealth Management LLC grew its holdings in AT&T by 38.9% during the 3rd quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after buying an additional 12,772 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in AT&T by 6.1% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 129,474 shares of the technology company's stock valued at $2,848,000 after acquiring an additional 7,394 shares during the last quarter. Finally, World Investment Advisors LLC increased its holdings in shares of AT&T by 28.4% in the third quarter. World Investment Advisors LLC now owns 174,118 shares of the technology company's stock worth $3,831,000 after purchasing an additional 38,548 shares during the last quarter. Institutional investors own 57.10% of the company's stock.

AT&T Stock Performance

T traded up $0.10 on Friday, reaching $27.12. 24,758,386 shares of the stock were exchanged, compared to its average volume of 36,672,389. 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 company's 50-day moving average price is $26.80 and its 200 day moving average price is $24.11. The firm has a market capitalization of $194.67 billion, a PE ratio of 18.20, a PEG ratio of 3.00 and a beta of 0.42. AT&T Inc. has a fifty-two week low of $16.09 and a fifty-two week high of $29.03.

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 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%. As a group, sell-side analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The company 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. 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 4.09%. AT&T's payout ratio is currently 74.50%.

Wall Street Analysts Forecast Growth

T has been the topic of several recent research reports. Scotiabank upped their price objective on AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 target price for the company in a research report on Thursday, February 13th. Citigroup reiterated a "buy" rating on shares of AT&T in a report on Monday, April 7th. Royal Bank of Canada upped their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, Argus raised shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.