AustralianSuper Pty Ltd Has $176.96 Million Stock Holdings in AT&T Inc. (NYSE:T)

AustralianSuper Pty Ltd lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,260,036 shares of the technology company's stock after selling 156,545 shares during the quarter. AT&T comprises 1.0% of AustralianSuper Pty Ltd's holdings, making the stock its 28th biggest position. AustralianSuper Pty Ltd owned 0.13% of AT&T worth $176,959,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC bought a new position in AT&T during the 4th quarter worth $25,000. Pineridge Advisors LLC bought a new position in shares of AT&T in the fourth quarter worth $25,000. First Pacific Financial raised its stake in AT&T by 166.7% in the first quarter. First Pacific Financial now owns 1,600 shares of the technology company's stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in AT&T by 176.6% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,867 shares of the technology company's stock worth $35,000 after purchasing an additional 1,192 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new stake in AT&T during the fourth quarter worth about $39,000. Institutional investors own 57.10% of the company's stock.

AT&T Trading Down 0.6 %

T stock traded down $0.11 during trading on Tuesday, hitting $19.65. The company had a trading volume of 20,315,025 shares, compared to its average volume of 35,706,258. The company has a current ratio of 0.70, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05. AT&T Inc. has a one year low of $14.11 and a one year high of $19.99. The business has a 50-day moving average of $19.01 and a 200-day moving average of $17.81. The stock has a market cap of $140.89 billion, a PE ratio of 10.56, a PEG ratio of 3.26 and a beta of 0.58.

AT&T (NYSE:T - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 EPS for the quarter, meeting analysts' consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analyst estimates of $30.05 billion. AT&T had a net margin of 10.41% and a return on equity of 14.16%. The company's quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Research analysts predict that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a dividend of $0.2775 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.65%. AT&T's payout ratio is 59.68%.

Analysts Set New Price Targets

Several brokerages have commented on T. TD Cowen boosted their price objective on shares of AT&T from $21.00 to $23.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on AT&T from $21.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, July 25th. Oppenheimer lifted their target price on AT&T from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. BNP Paribas raised shares of AT&T from an "underperform" rating to a "neutral" rating in a report on Tuesday, June 11th. Finally, UBS Group reaffirmed a "buy" rating and set a $24.00 price target on shares of AT&T in a report on Tuesday, June 18th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.06.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.