AT&T Inc. $T Shares Purchased by Vanguard Group Inc.

by · The Cerbat Gem

Vanguard Group Inc. increased its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 661,355,210 shares of the technology company’s stock after buying an additional 10,310,560 shares during the period. Vanguard Group Inc. owned about 9.25% of AT&T worth $19,139,620,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Roberts Glore & Co. Inc. IL boosted its holdings in AT&T by 2.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock valued at $532,000 after purchasing an additional 357 shares during the period. Investment Partners LTD. lifted its stake in AT&T by 3.5% in the second quarter. Investment Partners LTD. now owns 10,464 shares of the technology company’s stock worth $303,000 after acquiring an additional 357 shares during the last quarter. Parcion Private Wealth LLC grew its holdings in AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock worth $431,000 after acquiring an additional 364 shares in the last quarter. Texas Bank & Trust Co grew its holdings in AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after acquiring an additional 364 shares in the last quarter. Finally, David J Yvars Group increased its position in shares of AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock valued at $402,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

AT&T Stock Down 0.6%

Shares of NYSE:T opened at $25.45 on Tuesday. AT&T Inc. has a 1-year low of $21.38 and a 1-year high of $29.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 0.96. The stock has a market cap of $180.39 billion, a P/E ratio of 8.26, a P/E/G ratio of 2.16 and a beta of 0.40. The firm has a fifty day moving average price of $26.68 and a 200 day moving average price of $27.54.

AT&T (NYSE:T – Get Free Report) last announced its earnings results on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, October 10th. AT&T’s dividend payout ratio is 36.04%.

Wall Street Analyst Weigh In

T has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 16th. Williams Trading set a $33.00 target price on AT&T in a research report on Thursday, October 23rd. Wall Street Zen cut AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein upped their price target on AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Barclays cut their price objective on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

Read Our Latest Analysis on AT&T

About AT&T

(Free Report)

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.

Featured Stories