Gulf International Bank UK Ltd boosted its stake in shares of AT&T Inc. (NYSE:T) by 0.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,929,478 shares of the technology company’s stock after buying an additional 14,700 shares during the period. AT&T makes up about 1.0% of Gulf International Bank UK Ltd’s portfolio, making the stock its 13th largest position. Gulf International Bank UK Ltd’s holdings in AT&T were worth $72,799,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in T. Norges Bank bought a new position in shares of AT&T during the fourth quarter worth approximately $2,416,759,000. Westwood Holdings Group Inc. boosted its position in shares of AT&T by 2,630.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,225,260 shares of the technology company’s stock worth $137,171,000 after buying an additional 3,107,120 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of 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 in the last quarter. Macquarie Group Ltd. boosted its position in shares of 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 in the last quarter. Finally, Achmea Investment Management B.V. bought a new position in shares of AT&T during the first quarter worth approximately $42,198,000. 55.24% of the stock is currently owned by hedge funds and other institutional investors.
AT&T Inc. (T) traded up 0.863% on Friday, reaching $38.005. The company had a trading volume of 5,911,358 shares. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.03. The company’s 50-day moving average price is $37.58 and its 200 day moving average price is $39.40. The firm has a market capitalization of $233.35 billion, a P/E ratio of 17.859 and a beta of 0.47.
AT&T (NYSE:T) last announced its earnings results on Tuesday, July 25th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $39.84 billion during the quarter, compared to analysts’ expectations of $39.84 billion. AT&T had a net margin of 8.12% and a return on equity of 14.53%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, equities analysts forecast that AT&T Inc. will post $2.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Thursday, July 6th. AT&T’s payout ratio is currently 92.45%.
A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $42.00 target price on AT&T and gave the stock a “hold” rating in a report on Saturday, May 20th. Vetr raised AT&T from a “buy” rating to a “strong-buy” rating and set a $42.91 target price on the stock in a report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of AT&T in a report on Thursday. Moffett Nathanson raised AT&T from a “sell” rating to a “neutral” rating in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 target price (down from $43.00) on shares of AT&T in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.50.
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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