Czech National Bank Raises Stock Position in AT&T Inc. (NYSE:T)

Czech National Bank grew its stake in AT&T Inc. (NYSE:TFree Report) by 0.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,258,419 shares of the technology company’s stock after acquiring an additional 5,689 shares during the period. Czech National Bank’s holdings in AT&T were worth $22,148,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in T. Norges Bank acquired a new position in shares of AT&T in the fourth quarter valued at approximately $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. Thornburg Investment Management Inc. purchased a new position in AT&T during the 4th quarter worth $316,472,000. Kodai Capital Management LP purchased a new position in AT&T during the 4th quarter worth $152,109,000. Finally, Point72 Asset Management L.P. raised its position in AT&T by 120.8% during the 4th quarter. Point72 Asset Management L.P. now owns 9,086,854 shares of the technology company’s stock worth $152,477,000 after buying an additional 4,970,954 shares during the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.4 %

Shares of T stock traded up $0.06 during mid-day trading on Thursday, reaching $18.12. 32,097,924 shares of the company were exchanged, compared to its average volume of 36,554,867. The company has a market capitalization of $129.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.55 and a beta of 0.60. The business’s 50 day simple moving average is $17.28 and its 200 day simple moving average is $17.09. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $18.45.

AT&T (NYSE:TGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. AT&T had a net margin of 11.13% and a return on equity of 14.63%. The firm had revenue of $30.03 billion for the quarter, compared to analysts’ expectations of $30.62 billion. During the same period in the prior year, the company posted $0.60 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. Research analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.2775 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.11 annualized dividend and a yield of 6.13%. AT&T’s payout ratio is 59.68%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on T shares. Scotiabank increased their price target on shares of AT&T from $22.00 to $22.50 and gave the company a “sector outperform” rating in a report on Thursday, April 25th. UBS Group reaffirmed a “buy” rating and set a $24.00 price target on shares of AT&T in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $17.00 price target on shares of AT&T in a research note on Thursday, April 11th. StockNews.com lowered shares of AT&T from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wolfe Research upgraded 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 report on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.54.

Read Our Latest Stock Analysis on T

About AT&T

(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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