AT&T Inc. $T Shares Acquired by Versor Investments LP

Versor Investments LP grew its position in AT&T Inc. (NYSE:T) by 95.7% in the second quarter, Holdings Channel.com reports. The fund owned 52,811 shares of the technology company’s stock after buying an additional 25,829 shares during the period. Versor Investments LP’s holdings in AT&T were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of AT&T by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 651,044,650 shares of the technology company’s stock valued at $18,411,543,000 after acquiring an additional 8,185,006 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of AT&T in the 2nd quarter valued at approximately $5,266,758,000. GQG Partners LLC increased its holdings in shares of AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock valued at $3,222,711,000 after acquiring an additional 17,177,874 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock valued at $1,561,514,000 after acquiring an additional 1,783,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AT&T by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 53,339,376 shares of the technology company’s stock valued at $1,508,411,000 after acquiring an additional 1,307,009 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank set a $30.25 price target on AT&T and gave the company a “sector perform” rating in a report on Monday, October 6th. Cowen reiterated a “hold” rating on shares of AT&T in a report on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of AT&T in a research note on Tuesday, August 26th. Bank of America started coverage on AT&T in a research note on Monday, July 7th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on AT&T from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.

AT&T Price Performance

NYSE T opened at $24.76 on Friday. AT&T Inc. has a 52 week low of $21.38 and a 52 week high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The stock has a market cap of $177.01 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 2.16 and a beta of 0.42. The company has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $27.70.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 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 firm had revenue of $30.71 billion during the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. AT&T’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts forecast that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

AT&T Company Profile

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.