Geode Capital Management LLC lifted its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,761,301 shares of the technology company's stock after acquiring an additional 2,640,644 shares during the period. Geode Capital Management LLC owned approximately 2.28% of AT&T worth $3,719,723,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in T. Norges Bank purchased a new position in AT&T in the fourth quarter worth about $1,858,418,000. GQG Partners LLC boosted its stake in shares of AT&T by 37.3% in the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the period. Assetmark Inc. grew its holdings in AT&T by 4,986.1% during 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 in the last quarter. Vanguard Group Inc. grew its stake in AT&T by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock valued at $14,637,914,000 after acquiring an additional 6,220,442 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of AT&T by 7.1% in the fourth quarter. Bank of New York Mellon Corp now owns 85,592,594 shares of the technology company's stock worth $1,948,943,000 after buying an additional 5,649,277 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Stock Performance
T stock traded up $0.21 during midday trading on Tuesday, reaching $28.49. The stock had a trading volume of 43,976,615 shares, compared to its average volume of 36,292,622. The firm has a fifty day simple moving average of $25.94 and a two-hundred day simple moving average of $23.64. The stock has a market cap of $204.47 billion, a PE ratio of 19.12, a P/E/G ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 52-week low of $15.94 and a 52-week high of $28.61. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66.
AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities research analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.
AT&T Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.2775 per share. The ex-dividend date is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.90%. AT&T's dividend payout ratio (DPR) is 74.50%.
Analysts Set New Price Targets
T has been the topic of a number of recent research reports. Morgan Stanley raised shares of AT&T from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $19.00 to $28.00 in a research note on Monday, December 16th. UBS Group upped their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Barclays lifted their target price on AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Oppenheimer lifted their price target on shares of AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, DZ Bank 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 Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.21.
Check Out Our Latest Research Report on AT&T
AT&T Profile
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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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