Jefferies Financial Group Inc. acquired a new stake in shares of AT&T Inc. (NYSE:T – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,839 shares of the technology company’s stock, valued at approximately $473,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. IFM Investors Pty Ltd increased its holdings in AT&T by 5.3% in the 1st quarter. IFM Investors Pty Ltd now owns 1,488,172 shares of the technology company’s stock worth $43,142,000 after buying an additional 74,684 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in AT&T during the 1st quarter valued at approximately $2,901,000. World Investment Advisors boosted its holdings in shares of AT&T by 85.0% in the 4th quarter. World Investment Advisors now owns 338,942 shares of the technology company’s stock valued at $8,419,000 after acquiring an additional 155,728 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of AT&T by 3.7% in the 4th quarter. Cerity Partners LLC now owns 1,668,862 shares of the technology company’s stock valued at $41,449,000 after acquiring an additional 59,279 shares during the last quarter. Finally, ING Groep NV increased its stake in shares of AT&T by 120.3% in the fourth quarter. ING Groep NV now owns 2,050,310 shares of the technology company’s stock worth $50,930,000 after acquiring an additional 1,119,731 shares during the period. 57.10% of the stock is owned by hedge funds and other institutional investors.
AT&T Price Performance
NYSE:T opened at $25.92 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.97 and a quick ratio of 0.93. The company has a 50 day moving average price of $23.22 and a 200-day moving average price of $25.21. AT&T Inc. has a 1-year low of $19.89 and a 1-year high of $29.79. The firm has a market cap of $177.61 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.06 and a beta of 0.23.
AT&T Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, July 10th. AT&T’s dividend payout ratio is presently 36.75%.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of AT&T from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $25.00 price target on shares of AT&T in a report on Monday, July 13th. TD Cowen increased their price target on AT&T from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their price objective on AT&T from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer cut AT&T from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.19.
Check Out Our Latest Stock Report on T
About AT&T
AT&T Inc is a global telecommunications company that provides a broad range of communications and digital entertainment services. Its core activities include consumer and business wireless services, broadband and fiber internet, and network infrastructure. The company operates branded wireless services through AT&T Mobility and deploys fixed-line and fiber networks to deliver high-speed internet and related home services.
AT&T’s product and service portfolio spans mobile voice and data plans, smartphones and device sales, home internet (including fiber-to-the-home where available), and managed connectivity solutions for enterprise customers.
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