UNIVEST FINANCIAL Corp Acquires 1,106 Shares of AT&T Inc. (NYSE:T)

UNIVEST FINANCIAL Corp grew its holdings in shares of AT&T Inc. (NYSE:T) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,252 shares of the technology company’s stock after purchasing an additional 1,106 shares during the period. UNIVEST FINANCIAL Corp’s holdings in AT&T were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Newport Trust Company LLC grew its holdings in AT&T by 0.3% during the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after purchasing an additional 673,043 shares during the period. Northern Trust Corp increased its position in AT&T by 2.5% during the third quarter. Northern Trust Corp now owns 75,158,354 shares of the technology company’s stock worth $1,128,878,000 after acquiring an additional 1,828,237 shares during the period. FMR LLC raised its position in shares of AT&T by 130.5% in the 3rd quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock valued at $863,884,000 after buying an additional 32,558,342 shares in the last quarter. Ameriprise Financial Inc. grew its position in AT&T by 185.6% during the 3rd 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. Finally, Charles Schwab Investment Management Inc. increased its position in AT&T by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,791,397 shares of the technology company’s stock valued at $747,867,000 after acquiring an additional 327,425 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Tigress Financial increased their price objective on AT&T from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Barclays upgraded AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft upped their target price on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TheStreet raised shares of AT&T from a “c” rating to a “b-” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.81.

AT&T Stock Performance

AT&T stock traded up $0.09 during mid-day trading on Tuesday, reaching $17.08. 27,409,068 shares of the company’s stock were exchanged, compared to its average volume of 38,809,141. The firm has a market capitalization of $122.47 billion, a PE ratio of 9.18, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $16.98 and its 200 day simple moving average is $16.68. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16.

AT&T (NYSE:T) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, sell-side analysts expect that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.50%. The ex-dividend date was Tuesday, April 9th. AT&T’s dividend payout ratio (DPR) is presently 59.68%.

About AT&T

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.