British Airways Pensions Investment Management Ltd decreased its stake in shares of AT&T Inc. (NYSE:T) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 952,174 shares of the technology company’s stock after selling 104,271 shares during the period. British Airways Pensions Investment Management Ltd’s holdings in AT&T were worth $39,542,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Citizens & Northern Corp boosted its stake in AT&T by 1.1% in the fourth quarter. Citizens & Northern Corp now owns 17,658 shares of the technology company’s stock valued at $751,000 after buying an additional 192 shares during the period. Advisory Research Inc. boosted its stake in AT&T by 0.3% in the fourth quarter. Advisory Research Inc. now owns 39,159 shares of the technology company’s stock valued at $1,665,000 after buying an additional 102 shares during the period. Northwest Quadrant Wealth Management LLC purchased a new stake in AT&T during the fourth quarter valued at $685,000. Diligent Investors LLC purchased a new stake in AT&T during the fourth quarter valued at $3,028,000. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in AT&T during the fourth quarter valued at $636,000. 55.32% of the stock is owned by institutional investors.
Shares of AT&T Inc. (NYSE:T) opened at 39.00 on Friday. AT&T Inc. has a one year low of $35.81 and a one year high of $43.50. The stock has a 50 day moving average of $37.64 and a 200-day moving average of $39.82. The firm has a market capitalization of $239.46 billion, a price-to-earnings ratio of 18.40 and a beta of 0.47. AT&T also was the target of unusually large options trading activity on Thursday. Traders bought 57,372 call options on the company. This is an increase of 181% compared to the typical daily volume of 20,452 call options.
AT&T (NYSE:T) last posted its earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The business had revenue of $39.84 billion for the quarter, compared to analysts’ expectations of $39.84 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post $2.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be given a dividend of $0.49 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.03%. AT&T’s payout ratio is currently 92.45%.
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Several research firms have recently weighed in on T. Deutsche Bank AG reissued a “hold” rating and issued a $41.00 price target (down previously from $42.00) on shares of AT&T in a research note on Saturday, April 29th. Zacks Investment Research raised shares of AT&T from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada set a $42.00 price target on shares of AT&T and gave the company a “hold” rating in a research note on Saturday, May 20th. Vetr raised shares of AT&T from a “hold” rating to a “buy” rating and set a $39.81 price target for the company in a research note on Wednesday, June 21st. Finally, SunTrust Banks, Inc. began coverage on shares of AT&T in a research note on Tuesday, April 18th. They issued a “hold” rating and a $40.00 price target for the company. Twenty investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.40.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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