Moseley Investment Management Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 39,661 shares of the technology company’s stock after purchasing an additional 726 shares during the quarter. AT&T accounts for about 1.5% of Moseley Investment Management Inc.’s investment portfolio, making the stock its 18th biggest position. Moseley Investment Management Inc.’s holdings in AT&T were worth $1,550,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in T. Nuveen Asset Management LLC lifted its position in AT&T by 1,723.1% in the second quarter. Nuveen Asset Management LLC now owns 46,051,038 shares of the technology company’s stock worth $1,543,169,000 after purchasing an additional 43,525,113 shares during the period. Morgan Stanley increased its holdings in AT&T by 11.2% in the 2nd quarter. Morgan Stanley now owns 59,058,549 shares of the technology company’s stock valued at $1,979,052,000 after buying an additional 5,931,167 shares during the period. California Public Employees Retirement System increased its holdings in AT&T by 18.1% in the 3rd quarter. California Public Employees Retirement System now owns 28,020,401 shares of the technology company’s stock valued at $1,060,292,000 after buying an additional 4,292,231 shares during the period. State of Tennessee Treasury Department raised its stake in shares of AT&T by 63.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 5,692,964 shares of the technology company’s stock valued at $215,422,000 after buying an additional 2,220,433 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of AT&T by 82.8% in the 3rd quarter. Comerica Bank now owns 3,762,792 shares of the technology company’s stock valued at $138,546,000 after buying an additional 1,704,159 shares in the last quarter. 53.60% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on T shares. Tigress Financial reiterated a “buy” rating on shares of AT&T in a research report on Friday, January 3rd. ValuEngine raised shares of AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of AT&T from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. UBS Group raised their price target on shares of AT&T from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, HSBC downgraded AT&T from a “buy” rating to a “hold” rating and set a $42.00 price objective on the stock. in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. AT&T currently has an average rating of “Hold” and an average price target of $39.22.
AT&T (NYSE:T) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The firm had revenue of $44.59 billion for the quarter, compared to analysts’ expectations of $45.45 billion. AT&T had a net margin of 8.97% and a return on equity of 13.42%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. As a group, research analysts expect that AT&T Inc. will post 3.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.52 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, January 9th. AT&T’s payout ratio is presently 59.09%.
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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