MGO One Seven LLC Increases Stake in AT&T Inc. (NYSE:T)

MGO One Seven LLC increased its position in shares of AT&T Inc. (NYSE:T - Free Report) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,950 shares of the technology company's stock after buying an additional 17,100 shares during the period. MGO One Seven LLC's holdings in AT&T were worth $3,073,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in T. Norges Bank acquired a new stake in shares of AT&T during the 4th quarter worth about $1,858,418,000. GQG Partners LLC lifted its position in shares of AT&T by 37.3% during the 4th quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after buying an additional 26,280,866 shares during the last quarter. Assetmark Inc. boosted 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 in the last quarter. Invesco Ltd. grew 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 during the last quarter. Finally, Marshall Wace LLP acquired a new stake in AT&T during the 4th quarter worth $160,747,000. Institutional investors and hedge funds own 57.10% of the company's stock.

AT&T Stock Up 0.8 %

Shares of NYSE T opened at $27.17 on Thursday. The stock has a market capitalization of $195.02 billion, a PE ratio of 18.23, a P/E/G ratio of 3.00 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The firm has a fifty day moving average of $26.91 and a 200-day moving average of $24.24. AT&T Inc. has a 52-week low of $16.38 and a 52-week high of $29.03.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's payout ratio is currently 74.50%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DZ Bank upgraded AT&T from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. Citigroup reaffirmed a "buy" rating on shares of AT&T in a research report on Monday, April 7th. StockNews.com downgraded AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Scotiabank lifted their target price on shares of AT&T from $28.50 to $29.00 and gave the company a "sector outperform" rating in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein increased their price target on shares of AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.24.

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.

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