Fort Washington Investment Advisors Inc. OH increased its stake in AT&T Inc. (NYSE:T) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,120,304 shares of the technology company’s stock after buying an additional 50,048 shares during the period. AT&T makes up about 1.4% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 25th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in AT&T were worth $88,280,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hampstead Capital LLP bought a new position in shares of AT&T during the fourth quarter valued at $7,119,000. Loomis Sayles & Co. L P raised its position in shares of AT&T by 120,691.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 176,356 shares of the technology company’s stock valued at $7,501,000 after buying an additional 176,210 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of AT&T during the fourth quarter valued at $406,000. Janus Capital Management LLC raised its position in shares of AT&T by 8.1% in the fourth quarter. Janus Capital Management LLC now owns 6,592,826 shares of the technology company’s stock valued at $280,393,000 after buying an additional 495,986 shares during the last quarter. Finally, Cheviot Value Management LLC raised its position in shares of AT&T by 8.2% in the fourth quarter. Cheviot Value Management LLC now owns 42,605 shares of the technology company’s stock valued at $1,812,000 after buying an additional 3,236 shares during the last quarter. Institutional investors and hedge funds own 55.24% of the company’s stock.
Shares of AT&T Inc. (T) opened at 37.37 on Friday. The company has a market capitalization of $229.45 billion, a PE ratio of 17.56 and a beta of 0.47. AT&T Inc. has a 1-year low of $35.81 and a 1-year high of $43.03. The firm has a 50-day moving average price of $37.59 and a 200-day moving average price of $39.51.
AT&T (NYSE:T) last announced its quarterly earnings results on Tuesday, July 25th. The technology company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $39.84 billion for the quarter, compared to analyst estimates of $39.84 billion. AT&T had a return on equity of 14.53% and a net margin of 8.12%. AT&T’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 EPS. Equities analysts anticipate that AT&T Inc. will post $2.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Thursday, July 6th. AT&T’s dividend payout ratio is currently 92.45%.
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A number of analysts recently issued reports on T shares. Macquarie reissued a “buy” rating and set a $45.00 target price (down previously from $46.00) on shares of AT&T in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and set a $41.00 target price (down previously from $42.00) on shares of AT&T in a research report on Saturday, April 29th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $41.00 price objective on shares of AT&T in a research report on Saturday, April 29th. Tigress Financial raised shares of AT&T from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Finally, Vetr downgraded shares of AT&T from a “buy” rating to a “hold” rating and set a $39.55 price objective for the company. in a research report on Tuesday, May 16th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. AT&T currently has a consensus rating of “Hold” and an average target price of $43.50.
AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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