AT&T Inc. $T Shares Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC raised its position in shares of AT&T Inc. (NYSE:T) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,637 shares of the technology company’s stock after buying an additional 5,104 shares during the period. FourThought Financial Partners LLC’s holdings in AT&T were worth $2,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in AT&T in the 2nd quarter valued at about $5,266,758,000. Nuveen LLC acquired a new stake in shares of AT&T during the first quarter worth about $1,072,128,000. GQG Partners LLC boosted 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 valued at $3,222,711,000 after purchasing an additional 17,177,874 shares during the period. Ontario Teachers Pension Plan Board grew 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, Vanguard Group Inc. increased its stake in AT&T by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after buying an additional 10,310,560 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

T has been the topic of several analyst reports. Scotiabank set a $30.25 price objective on AT&T and gave the company a “sector perform” rating in a research note on Monday, October 6th. Williams Trading set a $33.00 price target on shares of AT&T in a research note on Thursday, October 23rd. KeyCorp raised shares of AT&T from a “sector weight” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Tuesday, November 11th. Raymond James Financial restated a “strong-buy” rating and issued a $33.00 price objective (up from $31.00) on shares of AT&T in a report on Thursday, September 18th. Finally, Royal Bank Of Canada decreased their price objective on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. One equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Stock Down 1.3%

Shares of NYSE:T opened at $25.60 on Tuesday. The company has a market capitalization of $181.49 billion, a PE ratio of 8.31, a P/E/G ratio of 2.16 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The firm has a 50 day simple moving average of $26.29 and a 200-day simple moving average of $27.46.

AT&T (NYSE:T) last posted its earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $30.85 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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

AT&T 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.