Edgar Lomax Co. VA Has $38.16 Million Stock Position in AT&T Inc. (NYSE:T)

Edgar Lomax Co. VA raised its stake in AT&T Inc. (NYSE:T - Free Report) by 171.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,675,798 shares of the technology company's stock after buying an additional 1,057,830 shares during the quarter. AT&T accounts for about 2.5% of Edgar Lomax Co. VA's portfolio, making the stock its 15th largest position. Edgar Lomax Co. VA's holdings in AT&T were worth $38,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in AT&T during the fourth quarter valued at approximately $1,858,418,000. GQG Partners LLC grew its holdings in shares of AT&T by 37.3% in the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock valued at $2,203,667,000 after buying an additional 26,280,866 shares during the period. Assetmark Inc. grew its holdings in shares of AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock valued at $225,741,000 after buying an additional 9,719,036 shares during the period. Invesco Ltd. increased its position in shares of AT&T by 18.2% in the 4th quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock valued at $1,085,034,000 after buying an additional 7,347,354 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in AT&T during the 4th quarter worth $160,747,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

T has been the subject of a number of research analyst reports. Tigress Financial boosted their target price on 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 upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Wednesday, January 29th. Citigroup reissued a "buy" rating on shares of AT&T in a research report on Monday, April 7th. Argus upgraded shares of AT&T from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a report on Thursday, January 16th. Finally, Oppenheimer increased their target price on AT&T from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, AT&T currently has a consensus rating of "Moderate Buy" and an average price target of $27.24.

AT&T Stock Performance

Shares of NYSE:T traded up $0.20 on Wednesday, hitting $27.16. The company had a trading volume of 23,325,883 shares, compared to its average volume of 36,639,046. The stock has a market cap of $194.96 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 3.00 and a beta of 0.42. The stock has a 50 day moving average price of $26.89 and a 200 day moving average price of $24.22. AT&T Inc. has a 1-year low of $16.29 and a 1-year high of $29.03. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). The firm had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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 given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.

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.