AT&T Inc. (NYSE:T) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of AT&T Inc. (NYSE:T - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 513,992 shares of the technology company's stock after purchasing an additional 23,031 shares during the quarter. NewEdge Advisors LLC's holdings in AT&T were worth $11,704,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of AT&T in the 4th quarter valued at $1,858,418,000. GQG Partners LLC increased its stake in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company's stock worth $2,203,667,000 after purchasing an additional 26,280,866 shares during the period. Assetmark Inc. lifted its position in shares of AT&T by 4,986.1% during the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Invesco Ltd. boosted its stake in shares of AT&T by 18.2% in the fourth quarter. Invesco Ltd. now owns 47,651,898 shares of the technology company's stock valued at $1,085,034,000 after purchasing an additional 7,347,354 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of AT&T by 1.0% in 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 purchasing an additional 6,220,442 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. BNP Paribas upgraded AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective on the stock in a research note on Thursday, February 13th. Citigroup restated a "buy" rating on shares of AT&T in a research note on Monday, April 7th. Royal Bank of Canada boosted their price target on shares of AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Argus 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 report on Thursday, January 16th. Finally, StockNews.com lowered AT&T from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AT&T presently has a consensus rating of "Moderate Buy" and an average target price of $27.24.

AT&T Stock Performance

Shares of NYSE:T traded up $0.71 during trading on Tuesday, reaching $27.04. The company had a trading volume of 17,935,393 shares, compared to its average volume of 42,443,984. The stock's fifty day moving average price is $26.86 and its 200 day moving average price is $24.20. AT&T Inc. has a fifty-two week low of $16.29 and a fifty-two week high of $29.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $194.09 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. As a group, equities research analysts predict 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. Investors of record on Thursday, April 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is presently 74.50%.

AT&T Company 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.