Banco Santander S.A. Has $5.60 Million Position in AT&T Inc. (NYSE:T)

Banco Santander S.A. trimmed its position in AT&T Inc. (NYSE:T) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,920 shares of the technology company’s stock after selling 3,154 shares during the period. Banco Santander S.A.’s holdings in AT&T were worth $5,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthCare Investment Partners LLC lifted its position in shares of AT&T by 2.2% during the second quarter. WealthCare Investment Partners LLC now owns 24,138 shares of the technology company’s stock valued at $461,000 after purchasing an additional 525 shares in the last quarter. Fortitude Family Office LLC increased its stake in AT&T by 1.3% in the 2nd quarter. Fortitude Family Office LLC now owns 42,154 shares of the technology company’s stock valued at $806,000 after buying an additional 559 shares during the last quarter. Riverview Trust Co lifted its position in shares of AT&T by 4.6% during the 2nd quarter. Riverview Trust Co now owns 13,368 shares of the technology company’s stock worth $255,000 after buying an additional 592 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in shares of AT&T by 1.7% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 35,098 shares of the technology company’s stock worth $589,000 after buying an additional 598 shares during the last quarter. Finally, Klingman & Associates LLC grew its holdings in shares of AT&T by 3.1% in the first quarter. Klingman & Associates LLC now owns 19,889 shares of the technology company’s stock valued at $350,000 after acquiring an additional 603 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Price Performance

Shares of NYSE T traded down $0.05 during mid-day trading on Thursday, reaching $19.77. 20,769,441 shares of the company were exchanged, compared to its average volume of 35,525,402. AT&T Inc. has a 52 week low of $14.12 and a 52 week high of $19.99. The company’s 50 day moving average price is $19.07 and its 200 day moving average price is $17.85. The stock has a market capitalization of $141.75 billion, a PE ratio of 10.63, a PEG ratio of 3.26 and a beta of 0.58. The company has a quick ratio of 0.66, a current ratio of 0.70 and a debt-to-equity ratio of 1.05.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $29.80 billion for the quarter, compared to analysts’ expectations of $30.05 billion. AT&T had a return on equity of 14.16% and a net margin of 10.41%. AT&T’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. Sell-side analysts forecast that AT&T Inc. will post 2.22 earnings per share for the current fiscal year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a $0.2775 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $1.11 annualized dividend and a dividend yield of 5.61%. AT&T’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on T shares. Oppenheimer increased their price target on shares of AT&T from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. The Goldman Sachs Group assumed coverage on shares of AT&T in a research note on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Daiwa America raised AT&T to a “hold” rating in a report on Friday, July 26th. Finally, Barclays increased their price target on AT&T from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus price target of $22.06.

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.