Townsquare Capital LLC Has $17.33 Million Position in AT&T Inc. (NYSE:T)

Townsquare Capital LLC increased its stake in AT&T Inc. (NYSE:T - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 761,239 shares of the technology company's stock after buying an additional 214,529 shares during the period. Townsquare Capital LLC's holdings in AT&T were worth $17,333,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in T. Norges Bank acquired a new position in AT&T during the 4th quarter worth $1,858,418,000. GQG Partners LLC boosted 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 valued at $2,203,667,000 after buying an additional 26,280,866 shares in the last quarter. Assetmark Inc. raised its position in AT&T by 4,986.1% in the fourth quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company's stock worth $225,741,000 after acquiring an additional 9,719,036 shares in the last quarter. Invesco Ltd. boosted its position in shares of AT&T by 18.2% during the 4th 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 in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of AT&T by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company's stock worth $14,637,914,000 after purchasing an additional 6,220,442 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Trading Up 1.1 %

Shares of NYSE:T traded up $0.29 during mid-day trading on Tuesday, reaching $27.49. The stock had a trading volume of 25,703,387 shares, compared to its average volume of 36,809,008. The firm has a 50 day simple moving average of $26.65 and a two-hundred day simple moving average of $24.03. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $29.03. The firm has a market cap of $197.35 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

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

AT&T Announces Dividend

The business also recently disclosed 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. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, April 10th. AT&T's dividend payout ratio is currently 74.50%.

Analyst Upgrades and Downgrades

T has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their target price on AT&T from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. Tigress Financial lifted their price objective on shares of AT&T from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. UBS Group increased their target price on AT&T from $25.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. BNP Paribas upgraded shares of 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. Finally, Morgan Stanley upgraded shares of AT&T from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $19.00 to $28.00 in a report on Monday, December 16th. One 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 company. According to data from MarketBeat.com, the stock currently 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.