Slow Capital Inc. lifted its position in shares of AT&T Inc. (NYSE:T – Get Rating) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,038 shares of the technology company’s stock after purchasing an additional 1,425 shares during the period. Slow Capital Inc.’s holdings in AT&T were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in T. BlackRock Inc. boosted its holdings in AT&T by 2.3% in the third quarter. BlackRock Inc. now owns 520,767,902 shares of the technology company’s stock valued at $14,065,940,000 after acquiring an additional 11,916,885 shares during the last quarter. Geode Capital Management LLC boosted its holdings in AT&T by 1.9% in the third quarter. Geode Capital Management LLC now owns 121,305,729 shares of the technology company’s stock valued at $3,267,660,000 after acquiring an additional 2,238,750 shares during the last quarter. Invesco Ltd. boosted its holdings in AT&T by 7.9% in the third quarter. Invesco Ltd. now owns 41,048,270 shares of the technology company’s stock valued at $1,108,714,000 after acquiring an additional 3,005,913 shares during the last quarter. Capital World Investors boosted its holdings in shares of AT&T by 5.2% during the 3rd quarter. Capital World Investors now owns 40,200,127 shares of the technology company’s stock worth $1,085,805,000 after buying an additional 1,982,935 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of AT&T by 0.3% during the 3rd quarter. California Public Employees Retirement System now owns 27,770,786 shares of the technology company’s stock worth $750,089,000 after buying an additional 89,123 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.
A number of research firms have issued reports on T. Cowen cut their price target on AT&T from $33.00 to $29.00 and set a “market perform” rating on the stock in a report on Thursday, January 27th. Tigress Financial increased their price target on AT&T from $36.00 to $41.00 in a report on Thursday, January 20th. Royal Bank of Canada cut their price target on AT&T from $30.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, April 25th. Citigroup cut their price target on AT&T from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, Barclays lowered their target price on AT&T from $28.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $25.73.
AT&T (NYSE:T – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The technology company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.16. AT&T had a return on equity of 13.19% and a net margin of 10.64%. The business had revenue of $38.10 billion during the quarter, compared to analyst estimates of $38.29 billion. During the same period in the prior year, the firm posted $0.86 EPS. AT&T’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, research analysts expect that AT&T Inc. will post 2.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be given a dividend of $0.278 per share. This represents a $1.11 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, April 13th. AT&T’s dividend payout ratio is presently 46.84%.
AT&T Profile (Get Rating)
AT&T Inc provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.
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