Gateway Investment Advisers LLC increased its holdings in AT&T Inc. (NYSE:T - Free Report) by 31.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,078,118 shares of the technology company's stock after purchasing an additional 496,884 shares during the period. Gateway Investment Advisers LLC's holdings in AT&T were worth $47,319,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC boosted its stake in shares of AT&T by 5,378.3% during the 2nd quarter. Quest Partners LLC now owns 3,780 shares of the technology company's stock valued at $72,000 after purchasing an additional 3,711 shares in the last quarter. Perennial Investment Advisors LLC raised its holdings in AT&T by 5.4% in the second quarter. Perennial Investment Advisors LLC now owns 32,659 shares of the technology company's stock worth $624,000 after purchasing an additional 1,662 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in AT&T by 3.9% during the second quarter. Mutual of America Capital Management LLC now owns 1,059,057 shares of the technology company's stock valued at $20,239,000 after buying an additional 39,684 shares during the period. Bradley Foster & Sargent Inc. CT grew its holdings in AT&T by 1.9% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 31,101 shares of the technology company's stock worth $594,000 after purchasing an additional 570 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of AT&T by 1,379.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company's stock valued at $270,581,000 after purchasing an additional 13,201,774 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Stock Performance
Shares of NYSE:T traded up $0.11 during mid-day trading on Thursday, reaching $22.02. 25,633,068 shares of the company traded hands, compared to its average volume of 34,232,238. The company's 50 day moving average price is $22.79 and its 200-day moving average price is $21.28. The firm has a market cap of $157.96 billion, a PE ratio of 17.90, a PEG ratio of 3.46 and a beta of 0.59. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $24.03. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.73 and a quick ratio of 0.67.
AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analyst estimates of $30.50 billion. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The company's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, equities analysts expect that AT&T Inc. will post 2.2 EPS for the current fiscal year.
AT&T Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a yield of 5.04%. AT&T's dividend payout ratio is presently 90.24%.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Argus raised AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a report on Thursday. Citigroup lifted their target price on shares of AT&T from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Royal Bank of Canada upgraded shares of AT&T from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $22.00 to $26.00 in a research note on Monday, January 6th. Oppenheimer began coverage on shares of AT&T in a research report on Tuesday, December 10th. They set an "outperform" rating and a $28.00 price target for the company. Finally, Tigress Financial increased their target price on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T has an average rating of "Moderate Buy" and a consensus target price of $25.83.
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AT&T 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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