22,834 Shares in AT&T Inc. (NYSE:T) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in AT&T Inc. (NYSE:T - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,834 shares of the technology company's stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its position in AT&T by 1,379.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 14,159,133 shares of the technology company's stock valued at $270,581,000 after purchasing an additional 13,201,774 shares during the last quarter. AQR Capital Management LLC grew its holdings in AT&T by 43.3% in the 2nd quarter. AQR Capital Management LLC now owns 21,853,624 shares of the technology company's stock worth $414,563,000 after buying an additional 6,602,586 shares in the last quarter. Bank of New York Mellon Corp raised its stake in AT&T by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 81,076,641 shares of the technology company's stock valued at $1,549,375,000 after acquiring an additional 5,592,123 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in shares of AT&T by 22.0% during the second quarter. Thornburg Investment Management Inc. now owns 24,988,396 shares of the technology company's stock valued at $477,528,000 after purchasing an additional 4,511,725 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of AT&T during the second quarter valued at about $78,570,000. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.2 %

NYSE T traded up $0.27 during trading on Friday, reaching $23.63. The company's stock had a trading volume of 33,693,907 shares, compared to its average volume of 35,519,809. The company has a current ratio of 0.73, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $169.55 billion, a PE ratio of 19.21, a PEG ratio of 3.57 and a beta of 0.59. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.03. The business has a 50-day moving average price of $22.50 and a 200-day moving average price of $20.55.

AT&T (NYSE:T - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. AT&T had a net margin of 7.42% and a return on equity of 13.97%. The firm had revenue of $30.20 billion during the quarter, compared to analysts' expectations of $30.50 billion. During the same period in the prior year, the company posted $0.64 earnings per share. AT&T's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that AT&T Inc. will post 2.19 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be paid a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's payout ratio is 90.24%.

Wall Street Analyst Weigh In

A number of research firms have commented on T. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Tigress Financial lifted their price target on AT&T from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Evercore ISI upped their price target on shares of AT&T from $19.00 to $21.00 and gave the company an "in-line" rating in a report on Thursday, October 24th. Wells Fargo & Company dropped their price target on AT&T from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Thursday, October 24th. Finally, Sanford C. Bernstein began coverage on AT&T in a research report on Tuesday. They issued an "outperform" rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

About AT&T

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.