Guardian Investment Management raised its position in shares of AT&T Inc. (NYSE:T) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,707 shares of the technology company’s stock after buying an additional 3,048 shares during the quarter. AT&T comprises 5.3% of Guardian Investment Management’s portfolio, making the stock its 3rd largest position. Guardian Investment Management’s holdings in AT&T were worth $6,671,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in T. Kanawha Capital Management LLC raised its stake in AT&T by 3.7% during the second quarter. Kanawha Capital Management LLC now owns 227,614 shares of the technology company’s stock valued at $7,627,000 after buying an additional 8,105 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of AT&T by 8.5% during the 2nd quarter. Pictet Asset Management Ltd. now owns 8,365,879 shares of the technology company’s stock worth $280,341,000 after purchasing an additional 653,885 shares during the period. Bernardo Wealth Planning LLC raised its position in shares of AT&T by 2.1% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 21,801 shares of the technology company’s stock worth $731,000 after purchasing an additional 441 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of AT&T by 1.2% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 117,921 shares of the technology company’s stock worth $3,951,000 after purchasing an additional 1,354 shares during the period. Finally, First Foundation Advisors raised its position in shares of AT&T by 3.1% during the 2nd quarter. First Foundation Advisors now owns 55,505 shares of the technology company’s stock worth $1,860,000 after purchasing an additional 1,643 shares during the period. Hedge funds and other institutional investors own 53.60% of the company’s stock.
T has been the topic of a number of research reports. Standpoint Research cut AT&T from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. ValuEngine upgraded AT&T from a “strong sell” rating to a “sell” rating in a research report on Monday, December 16th. SunTrust Banks increased their price target on AT&T to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. HSBC cut AT&T from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research report on Thursday, November 14th. Finally, Raymond James reiterated a “buy” rating and set a $45.00 price target (up from $40.00) on shares of AT&T in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.22.
Shares of T stock opened at $37.87 on Thursday. AT&T Inc. has a 12-month low of $28.92 and a 12-month high of $39.70. The firm has a market capitalization of $276.75 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. The business has a 50 day simple moving average of $38.53 and a 200 day simple moving average of $36.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.74 and a quick ratio of 0.74.
AT&T (NYSE:T) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. AT&T had a return on equity of 13.42% and a net margin of 8.97%. The business had revenue of $44.59 billion during the quarter, compared to analyst estimates of $45.45 billion. During the same period in the prior year, the company posted $0.90 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities analysts anticipate that AT&T Inc. will post 3.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.49%. This is a positive change from AT&T’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, January 9th. AT&T’s dividend payout ratio is 59.09%.
AT&T Company Profile
AT&T Inc provides telecommunication, media, and technology services worldwide. The company operates through four segments: Communications, WarnerMedia, Latin America, and Xandr. The Communications segment provides wireless and wireline telecom, video, and broadband and Internet services; video entertainment services using satellite, IP-based, and streaming options; and audio programming services under the AT&T, Cricket, AT&T PREPAID, and DIRECTV brands to residential and business customers.
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