AT&T Inc. $T Stock Position Lifted by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in AT&T Inc. (NYSE:T) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 346,178 shares of the technology company’s stock after acquiring an additional 25,306 shares during the quarter. Metis Global Partners LLC’s holdings in AT&T were worth $10,018,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in T. Legacy Investment Solutions LLC acquired a new position in AT&T in the second quarter worth $32,000. Tabor Asset Management LP bought a new position in shares of AT&T in the 2nd quarter worth about $3,449,000. Penserra Capital Management LLC lifted its position in shares of AT&T by 703.5% in the 2nd quarter. Penserra Capital Management LLC now owns 394,644 shares of the technology company’s stock worth $11,419,000 after buying an additional 345,527 shares during the last quarter. Marco Investment Management LLC boosted its holdings in shares of AT&T by 1.3% in the 2nd quarter. Marco Investment Management LLC now owns 29,991 shares of the technology company’s stock valued at $868,000 after buying an additional 380 shares during the period. Finally, Harvest Portfolios Group Inc. grew its position in shares of AT&T by 13.6% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 275,632 shares of the technology company’s stock valued at $7,977,000 after buying an additional 33,056 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on T. Barclays cut their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. UBS Group reiterated a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Wells Fargo & Company cut their price target on AT&T from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, October 16th. Morgan Stanley boosted their price objective on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.67.

AT&T Stock Up 0.3%

Shares of T stock opened at $24.81 on Friday. AT&T Inc. has a 1 year low of $21.38 and a 1 year high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market cap of $175.85 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The business’s fifty day moving average is $27.14 and its 200-day moving average is $27.62.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The company had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that AT&T Inc. will post 2.14 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 10th were issued a $0.2775 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a dividend yield of 4.5%. AT&T’s dividend payout ratio is currently 36.04%.

About AT&T

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.