Vestmark Advisory Solutions Inc. boosted its holdings in AT&T Inc. (NYSE:T) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,740 shares of the technology company’s stock after buying an additional 6,953 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in AT&T were worth $3,088,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in T. Vanguard Group Inc. lifted its stake in shares of AT&T by 1.2% in the second quarter. Vanguard Group Inc. now owns 563,398,685 shares of the technology company’s stock worth $18,879,489,000 after acquiring an additional 6,744,699 shares during the period. Northern Trust Corp increased its holdings in AT&T by 2.0% in the second quarter. Northern Trust Corp now owns 86,817,291 shares of the technology company’s stock worth $2,909,247,000 after purchasing an additional 1,729,145 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in AT&T by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 68,529,809 shares of the technology company’s stock worth $2,296,433,000 after purchasing an additional 2,201,538 shares in the last quarter. Morgan Stanley increased its holdings in AT&T by 11.2% in the second quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock worth $1,979,052,000 after purchasing an additional 5,931,167 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in AT&T by 1,723.1% in the second quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock worth $1,543,169,000 after purchasing an additional 43,525,113 shares in the last quarter. 52.94% of the stock is currently owned by institutional investors and hedge funds.
AT&T stock traded down $0.01 during trading on Monday, hitting $39.37. 13,574,400 shares of the company were exchanged, compared to its average volume of 30,526,025. The business’s 50 day moving average is $37.94 and its 200 day moving average is $34.53. AT&T Inc. has a 52 week low of $26.80 and a 52 week high of $39.58. The company has a market capitalization of $287.68 billion, a P/E ratio of 11.18, a PEG ratio of 2.47 and a beta of 0.64. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79.
AT&T (NYSE:T) last posted its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The business had revenue of $44.59 billion for the quarter, compared to analysts’ expectations of $45.45 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. Equities analysts expect that AT&T Inc. will post 3.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 10th were given a $0.51 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.04 annualized dividend and a yield of 5.18%. AT&T’s dividend payout ratio is currently 57.95%.
A number of equities research analysts have weighed in on T shares. Bank of America reiterated a “buy” rating on shares of AT&T in a report on Monday, September 9th. Raymond James reiterated a “buy” rating and issued a $45.00 target price (up from $40.00) on shares of AT&T in a report on Tuesday, October 29th. ValuEngine downgraded AT&T from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group lifted their target price on AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada lifted their target price on AT&T from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $40.74.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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