NBT Bank N A NY cut its position in AT&T Inc. (NYSE:T) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,865 shares of the technology company’s stock after selling 757 shares during the period. AT&T makes up approximately 1.0% of NBT Bank N A NY’s portfolio, making the stock its 28th largest position. NBT Bank N A NY’s holdings in AT&T were worth $5,812,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in T. Norges Bank bought a new stake in AT&T during the fourth quarter worth about $2,416,759,000. Federated Investors Inc. PA raised its stake in AT&T by 4.4% in the fourth quarter. Federated Investors Inc. PA now owns 26,740,306 shares of the technology company’s stock worth $1,137,264,000 after buying an additional 1,129,450 shares during the last quarter. Macquarie Group Ltd. raised its stake in AT&T by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 19,837,884 shares of the technology company’s stock worth $843,705,000 after buying an additional 1,139,382 shares during the last quarter. Teachers Advisors LLC raised its stake in AT&T by 26.5% in the fourth quarter. Teachers Advisors LLC now owns 13,610,660 shares of the technology company’s stock worth $578,861,000 after buying an additional 2,849,017 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in AT&T by 731.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,876,186 shares of the technology company’s stock worth $462,693,000 after buying an additional 9,568,534 shares during the last quarter. Institutional investors and hedge funds own 55.34% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) opened at 35.99 on Wednesday. AT&T Inc. has a one year low of $35.87 and a one year high of $43.50. The firm has a market capitalization of $221.27 billion, a P/E ratio of 17.60 and a beta of 0.47. The company has a 50-day moving average price of $38.41 and a 200 day moving average price of $40.54.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. AT&T had a net margin of 9.08% and a return on equity of 11.27%. The business had revenue of $39.40 billion during the quarter, compared to analyst estimates of $40.50 billion. During the same quarter in the previous year, the business earned $0.72 EPS. AT&T’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts expect that AT&T Inc. will post $2.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, July 6th. AT&T’s payout ratio is presently 96.08%.
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T has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an “outperform” rating on shares of AT&T in a research note on Tuesday, April 11th. Tigress Financial raised AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of AT&T in a research note on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $41.00 target price (down previously from $42.00) on shares of AT&T in a research note on Saturday, April 29th. Finally, Vetr raised AT&T from a “hold” rating to a “buy” rating and set a $39.93 target price on the stock in a research note on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average price target of $43.66.
AT&T Company Profile
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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