Leo Wealth LLC Takes Position in AT&T Inc. (NYSE:T)

Leo Wealth LLC acquired a new position in shares of AT&T Inc. (NYSE:TFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 170,958 shares of the technology company’s stock, valued at approximately $2,890,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in AT&T in the fourth quarter valued at about $1,118,288,000. Ameriprise Financial Inc. raised its position in AT&T by 185.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 52,613,513 shares of the technology company’s stock valued at $790,301,000 after purchasing an additional 34,189,954 shares during the last quarter. FMR LLC boosted its stake in AT&T by 130.5% in the third quarter. FMR LLC now owns 57,515,546 shares of the technology company’s stock worth $863,884,000 after purchasing an additional 32,558,342 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of AT&T during the fourth quarter worth $316,472,000. Finally, Kodai Capital Management LP acquired a new stake in shares of AT&T in the fourth quarter valued at $152,109,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

AT&T Stock Performance

Shares of T traded up $0.03 during mid-day trading on Monday, hitting $17.67. 27,194,169 shares of the company’s stock were exchanged, compared to its average volume of 36,613,637. 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 firm has a market cap of $126.70 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. The stock’s 50-day simple moving average is $17.18 and its 200-day simple moving average is $17.06. AT&T Inc. has a 52 week low of $13.43 and a 52 week high of $18.45.

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

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Tuesday, April 9th. AT&T’s dividend payout ratio is 59.68%.

Analyst Upgrades and Downgrades

T has been the topic of several research reports. StockNews.com downgraded AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Barclays upgraded shares of AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Monday, April 29th. BNP Paribas raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 11th. Wolfe Research raised shares of AT&T from a “peer perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 5th. Finally, Scotiabank increased their target price on AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.32.

Get Our Latest Stock Analysis on T

AT&T Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AT&T (NYSE:T)

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