AT&T Inc. $T Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lowered its position in shares of AT&T Inc. (NYSE:T) by 62.3% in the 2nd quarter, Holdings Channel reports. The fund owned 153,135 shares of the technology company’s stock after selling 253,316 shares during the period. Northwest & Ethical Investments L.P.’s holdings in AT&T were worth $4,417,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in AT&T by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 661,355,210 shares of the technology company’s stock worth $19,139,620,000 after purchasing an additional 10,310,560 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of AT&T during the second quarter worth approximately $5,266,758,000. Geode Capital Management LLC boosted its position in shares of AT&T by 1.2% during the second quarter. Geode Capital Management LLC now owns 172,039,872 shares of the technology company’s stock worth $4,958,066,000 after buying an additional 2,066,026 shares during the period. GQG Partners LLC grew its holdings in AT&T by 17.7% in the 1st quarter. GQG Partners LLC now owns 113,957,259 shares of the technology company’s stock worth $3,222,711,000 after buying an additional 17,177,874 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in AT&T by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 55,216,190 shares of the technology company’s stock worth $1,561,514,000 after buying an additional 1,783,363 shares in the last quarter. 57.10% of the stock is currently owned by institutional investors.

AT&T Trading Down 0.0%

Shares of AT&T stock opened at $25.86 on Thursday. The business has a fifty day simple moving average of $26.15 and a 200-day simple moving average of $27.44. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The firm has a market cap of $183.30 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 1.01.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. AT&T had a net margin of 17.87% and a return on equity of 12.72%. The firm had revenue of $30.71 billion for the quarter, compared to analysts’ expectations of $30.85 billion. During the same period in the previous year, the business earned $0.60 earnings per share. AT&T’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts forecast that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.11 annualized dividend and a yield of 4.3%. AT&T’s dividend payout ratio is currently 36.04%.

Analyst Upgrades and Downgrades

T has been the topic of several recent analyst reports. Wall Street Zen downgraded AT&T from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup reissued a “buy” rating on shares of AT&T in a report on Tuesday, August 26th. Raymond James Financial restated a “strong-buy” rating and set a $33.00 price objective (up from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Royal Bank Of Canada decreased their target price on shares of AT&T from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, Barclays lowered their target price on shares of AT&T from $30.00 to $28.00 and set an “equal weight” 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 issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $30.64.

AT&T Company Profile

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.