AT&T Inc. $T Shares Acquired by Candriam S.C.A.

Candriam S.C.A. boosted its stake in AT&T Inc. (NYSE:T) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,376 shares of the technology company’s stock after purchasing an additional 7,697 shares during the period. Candriam S.C.A.’s holdings in AT&T were worth $15,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in T. Roberts Glore & Co. Inc. IL grew its position in shares of AT&T by 2.0% during the second quarter. Roberts Glore & Co. Inc. IL now owns 18,386 shares of the technology company’s stock worth $532,000 after buying an additional 357 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in AT&T by 2.5% during the 2nd quarter. Parcion Private Wealth LLC now owns 14,910 shares of the technology company’s stock valued at $431,000 after acquiring an additional 364 shares during the last quarter. Texas Bank & Trust Co grew its holdings in AT&T by 0.6% during the 2nd quarter. Texas Bank & Trust Co now owns 64,274 shares of the technology company’s stock worth $1,860,000 after acquiring an additional 364 shares in the last quarter. David J Yvars Group increased its position in shares of AT&T by 2.8% in the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after purchasing an additional 372 shares during the last quarter. Finally, AllSquare Wealth Management LLC raised its stake in shares of AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock valued at $161,000 after purchasing an additional 378 shares in the last quarter. 57.10% of the stock is owned by hedge funds and other institutional investors.

AT&T Stock Up 0.2%

Shares of AT&T stock opened at $25.71 on Friday. The stock has a market capitalization of $182.23 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.16 and a beta of 0.40. AT&T Inc. has a twelve month low of $21.38 and a twelve month high of $29.79. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 1.01. The business’s 50 day simple moving average is $26.83 and its 200-day simple moving average is $27.57.

AT&T (NYSE:T) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The business had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts forecast that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were issued a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, October 10th. AT&T’s dividend payout ratio (DPR) is 36.04%.

Wall Street Analyst Weigh In

T has been the subject of a number of research reports. Scotiabank set a $30.25 price target on AT&T and gave the stock a “sector perform” rating in a research note on Monday, October 6th. Sanford C. Bernstein increased their target price on AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Cowen reiterated a “hold” rating on shares of AT&T in a research report on Thursday, October 23rd. UBS Group reissued a “buy” rating on shares of AT&T in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada reduced their price objective on AT&T from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.64.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.