AT&T Inc. (NYSE:T) Shares Acquired by Fort Sheridan Advisors LLC

by · The Cerbat Gem

Fort Sheridan Advisors LLC increased its stake in shares of AT&T Inc. (NYSE:T – Free Report) by 0.5% during the 1st quarter, Holdings Channel reports. The fund owned 166,241 shares of the technology company’s stock after purchasing an additional 866 shares during the quarter. AT&T makes up about 0.7% of Fort Sheridan Advisors LLC’s investment portfolio, making the stock its 27th largest position. Fort Sheridan Advisors LLC’s holdings in AT&T were worth $4,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in AT&T by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 642,859,644 shares of the technology company’s stock valued at $14,637,914,000 after purchasing an additional 6,220,442 shares during the period. Geode Capital Management LLC grew its holdings in AT&T by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 163,761,301 shares of the technology company’s stock valued at $3,719,723,000 after purchasing an additional 2,640,644 shares during the period. GQG Partners LLC grew its holdings in AT&T by 37.3% in 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 purchasing an additional 26,280,866 shares during the period. Norges Bank acquired a new stake in AT&T in the fourth quarter valued at approximately $1,858,418,000. Finally, Northern Trust Corp grew its holdings in AT&T by 16.3% in the fourth quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Price Performance

NYSE:T opened at $26.97 on Friday. AT&T Inc. has a 52 week low of $18.14 and a 52 week high of $29.19. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $194.07 billion, a P/E ratio of 16.55, a P/E/G ratio of 3.45 and a beta of 0.42. The stock’s fifty day moving average is $27.82 and its two-hundred day moving average is $26.30.

AT&T (NYSE:T – Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a net margin of 9.64% and a return on equity of 13.63%. The business had revenue of $30.63 billion during the quarter, compared to analysts’ expectations of $30.39 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. AT&T’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be paid a $0.2775 dividend. The ex-dividend date is Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.12%. AT&T’s payout ratio is presently 68.10%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen upgraded AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Bank of America assumed coverage on AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, UBS Group restated a “buy” rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $29.12.

View Our Latest Report on AT&T

AT&T Company Profile

(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

Want to see what other hedge funds are holding T? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AT&T Inc. (NYSE:T – Free Report).