AT&T Inc. (NYSE:T) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its position in AT&T Inc. (NYSE:T) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 915,733 shares of the technology company’s stock after acquiring an additional 49,461 shares during the quarter. Xponance Inc.’s holdings in AT&T were worth $15,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in T. Moneta Group Investment Advisors LLC raised its holdings in AT&T by 85,003.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 76,836,936 shares of the technology company’s stock worth $1,414,568,000 after purchasing an additional 76,746,649 shares in the last quarter. Norges Bank purchased a new position in shares of AT&T during the fourth quarter worth approximately $1,229,499,000. Ameriprise Financial Inc. grew its position in shares of AT&T by 185.6% during the third quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock worth $790,301,000 after acquiring an additional 34,189,954 shares during the last quarter. FMR LLC grew its position in shares of AT&T by 130.5% during the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after acquiring an additional 32,558,342 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of AT&T by 37.3% during the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares during the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Oppenheimer upgraded shares of AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Friday, January 19th. Tigress Financial raised their target price on shares of AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Barclays raised their target price on shares of AT&T from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $17.00 price objective on shares of AT&T in a research report on Thursday, April 11th. Finally, StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

AT&T Trading Up 0.4 %

Shares of NYSE T traded up $0.06 on Friday, reaching $16.39. 4,729,776 shares of the company traded hands, compared to its average volume of 38,022,133. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.72. The company has a 50 day moving average of $17.01 and a 200 day moving average of $16.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $117.23 billion, a PE ratio of 8.33, a P/E/G ratio of 2.43 and a beta of 0.57.

AT&T (NYSE:T) last issued its earnings results on Wednesday, January 24th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that AT&T Inc. will post 2.21 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Tuesday, April 9th. AT&T’s dividend payout ratio is presently 56.63%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.