AT&T Inc. (NYSE:T) Shares Purchased by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its holdings in AT&T Inc. (NYSE:T - Free Report) by 47.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,062 shares of the technology company's stock after purchasing an additional 32,725 shares during the quarter. SageView Advisory Group LLC's holdings in AT&T were worth $2,324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of AT&T by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 965,383 shares of the technology company's stock valued at $21,238,000 after purchasing an additional 16,024 shares during the last quarter. XTX Topco Ltd acquired a new position in AT&T during the 3rd quarter valued at approximately $502,000. M&T Bank Corp raised its holdings in shares of AT&T by 1.1% in the third quarter. M&T Bank Corp now owns 1,053,591 shares of the technology company's stock worth $23,178,000 after buying an additional 11,895 shares during the last quarter. Passumpsic Savings Bank lifted its stake in shares of AT&T by 12.2% during the third quarter. Passumpsic Savings Bank now owns 17,369 shares of the technology company's stock worth $382,000 after buying an additional 1,893 shares during the period. Finally, Sculati Wealth Management LLC grew its holdings in shares of AT&T by 38.9% during the third quarter. Sculati Wealth Management LLC now owns 45,581 shares of the technology company's stock valued at $1,003,000 after buying an additional 12,772 shares during the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

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AT&T Price Performance

T traded up $0.29 during trading on Tuesday, hitting $27.49. The company's stock had a trading volume of 25,705,713 shares, compared to its average volume of 36,795,518. The firm has a market capitalization of $197.35 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $29.03. The business's fifty day simple moving average is $26.71 and its 200 day simple moving average is $24.05. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.06. AT&T had a net margin of 8.95% and a return on equity of 13.97%. On average, equities research analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.2775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. AT&T's dividend payout ratio is currently 74.50%.

Analyst Ratings Changes

T has been the subject of a number of research analyst reports. Sanford C. Bernstein raised their target price on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley upgraded AT&T from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Oppenheimer upped their target price on AT&T from $27.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Scotiabank raised their price target on shares of AT&T from $28.50 to $29.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, April 8th. Finally, BNP Paribas upgraded shares of AT&T from a "neutral" rating to an "outperform" rating and set a $28.50 price objective for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.24.

AT&T 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.