Junto Capital Management LP Buys New Stake in AT&T Inc. (NYSE:T)

Junto Capital Management LP acquired a new stake in shares of AT&T Inc. (NYSE:T) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,649,540 shares of the technology company’s stock, valued at approximately $83,100,000. AT&T makes up 1.6% of Junto Capital Management LP’s investment portfolio, making the stock its 22nd biggest position. Junto Capital Management LP owned 0.05% of AT&T as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in AT&T during the 4th quarter worth approximately $28,000. YANKCOM Partnership bought a new position in shares of AT&T in the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC raised its holdings in shares of AT&T by 48.6% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,314 shares of the technology company’s stock valued at $30,000 after buying an additional 430 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T during the 4th quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. bought a new stake in AT&T during the 4th quarter worth about $35,000. 57.10% of the stock is currently owned by institutional investors.

AT&T Price Performance

NYSE:T opened at $27.88 on Friday. The stock has a market capitalization of $200.61 billion, a PE ratio of 18.71, a P/E/G ratio of 3.00 and a beta of 0.42. AT&T Inc. has a 1-year low of $17.11 and a 1-year high of $29.03. The firm has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $24.75. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00.

AT&T (NYSE:T) last issued its earnings results on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $30.63 billion during the quarter, compared to analyst estimates of $30.39 billion. AT&T had a net margin of 8.95% and a return on equity of 13.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.55 earnings per share. On average, research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date was Thursday, April 10th. AT&T’s payout ratio is presently 68.10%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on T shares. TD Securities raised their price target on shares of AT&T from $29.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, April 24th. Royal Bank of Canada lifted their price objective on AT&T from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. DZ Bank upgraded shares of AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, January 29th. BNP Paribas raised shares of AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 price target for the company in a research note on Thursday, February 13th. Finally, Oppenheimer raised their price target on AT&T from $27.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.71.

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.