Eldridge Investment Advisors Inc. Invests $386,000 in AT&T (T)

Eldridge Investment Advisors Inc. purchased a new stake in shares of AT&T (NYSE:T) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,023 shares of the technology company’s stock, valued at approximately $386,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of AT&T by 0.5% during the fourth quarter. BlackRock Inc. now owns 376,817,093 shares of the technology company’s stock valued at $14,650,651,000 after acquiring an additional 2,043,472 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of AT&T by 5.4% during the third quarter. Dimensional Fund Advisors LP now owns 68,356,308 shares of the technology company’s stock valued at $2,677,458,000 after acquiring an additional 3,500,299 shares during the period. Bank of New York Mellon Corp increased its stake in shares of AT&T by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 67,677,673 shares of the technology company’s stock valued at $2,650,934,000 after acquiring an additional 1,672,264 shares during the period. Legal & General Group Plc increased its stake in shares of AT&T by 3.8% during the third quarter. Legal & General Group Plc now owns 38,861,378 shares of the technology company’s stock valued at $1,522,111,000 after acquiring an additional 1,406,265 shares during the period. Finally, Swiss National Bank increased its stake in shares of AT&T by 0.6% during the third quarter. Swiss National Bank now owns 25,409,758 shares of the technology company’s stock valued at $995,300,000 after acquiring an additional 148,100 shares during the period. 56.12% of the stock is currently owned by institutional investors.

NYSE T opened at $31.93 on Friday. AT&T has a twelve month low of $32.05 and a twelve month high of $32.23. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $197.00 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 2.26 and a beta of 0.40.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 25th. The technology company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). AT&T had a return on equity of 14.46% and a net margin of 19.25%. The firm had revenue of $38.04 billion for the quarter, compared to analysts’ expectations of $39.36 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. equities analysts expect that AT&T will post 3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.26%. The ex-dividend date was Monday, April 9th. AT&T’s payout ratio is 65.57%.

T has been the topic of a number of research analyst reports. SunTrust Banks lowered their price objective on shares of AT&T to $35.00 and set a “hold” rating on the stock in a research note on Thursday, May 3rd. Zacks Investment Research upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, March 5th. ValuEngine lowered shares of AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Macquarie reiterated a “buy” rating and set a $40.00 price objective on shares of AT&T in a research note on Sunday, April 8th. Finally, UBS decreased their price target on shares of AT&T from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.95.

AT&T Company Profile

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

Institutional Ownership by Quarter for AT&T (NYSE:T)

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