Banco Bilbao Vizcaya Argentaria S.A. Sells 65,799 Shares of AT&T Inc. $T

by · The Cerbat Gem

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of AT&T Inc. (NYSE:T – Free Report) by 5.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,259,274 shares of the technology company’s stock after selling 65,799 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in AT&T were worth $36,425,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in T. Kingstone Capital Partners Texas LLC acquired a new stake in shares of AT&T in the 2nd quarter worth about $5,266,758,000. Nuveen LLC bought a new stake in AT&T during the 1st quarter worth approximately $1,072,128,000. GQG Partners LLC raised its stake in shares of AT&T by 17.7% in the first quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after purchasing an additional 17,177,874 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of AT&T by 30,527.5% in the first quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after purchasing an additional 11,920,392 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of AT&T by 350.4% during the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after buying an additional 8,841,126 shares during the last quarter. 57.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on T shares. Wells Fargo & Company lowered their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, October 16th. Scotiabank set a $30.25 target price on shares of AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Sanford C. Bernstein increased their target price on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. KeyCorp upgraded shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on shares of AT&T in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.64.

Get Our Latest Research Report on AT&T

AT&T Stock Up 0.2%

T opened at $25.71 on Friday. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company’s 50-day moving average price is $26.83 and its two-hundred day moving average price is $27.57. The stock has a market cap of $182.23 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.16 and a beta of 0.40. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

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

AT&T Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio is currently 36.04%.

AT&T 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.

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