Caisse Des Depots ET Consignations Acquires New Stake in AT&T Inc. (NYSE:T)

Caisse Des Depots ET Consignations acquired a new stake in shares of AT&T Inc. (NYSE:T - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 332,147 shares of the technology company's stock, valued at approximately $7,563,000.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new stake in shares of AT&T during the fourth quarter valued at about $14,700,000. Franklin Resources Inc. lifted its position in AT&T by 41.4% during the third quarter. Franklin Resources Inc. now owns 7,947,913 shares of the technology company's stock valued at $168,969,000 after acquiring an additional 2,326,904 shares during the last quarter. Consolidated Planning Corp boosted its stake in AT&T by 7.4% in the fourth quarter. Consolidated Planning Corp now owns 320,089 shares of the technology company's stock valued at $7,288,000 after acquiring an additional 21,927 shares in the last quarter. Fortress Financial Solutions LLC purchased a new position in AT&T in the fourth quarter worth $691,000. Finally, West Family Investments Inc. increased its position in shares of AT&T by 70.4% during the fourth quarter. West Family Investments Inc. now owns 37,961 shares of the technology company's stock worth $864,000 after purchasing an additional 15,680 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Performance

NYSE T traded down $0.00 during mid-day trading on Friday, reaching $28.20. 35,072,594 shares of the stock were exchanged, compared to its average volume of 36,189,161. The company has a market capitalization of $202.40 billion, a P/E ratio of 18.92, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The business's 50 day moving average is $25.70 and its 200-day moving average is $23.53. AT&T Inc. has a 1 year low of $15.94 and a 1 year high of $28.51.

Remove Ads

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 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%. On average, equities research analysts forecast 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. Investors of record on Thursday, April 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 3.94%. AT&T's dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

T has been the subject of a number of recent analyst reports. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective for the company in a research report on Thursday, January 16th. Barclays boosted their price target on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Tuesday, January 28th. Royal Bank of Canada boosted their target price on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Finally, Tigress Financial raised their price target on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.79.

About AT&T

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.