Bank OZK Sells 3,294 Shares of AT&T Inc. $T

Bank OZK lowered its position in AT&T Inc. (NYSE:T) by 16.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,174 shares of the technology company’s stock after selling 3,294 shares during the quarter. Bank OZK’s holdings in AT&T were worth $457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of T. Nuveen LLC bought a new position in shares of AT&T during the 1st quarter worth approximately $1,072,128,000. GQG Partners LLC lifted its position in shares of AT&T by 17.7% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock worth $1,216,665,000 after buying an additional 12,881,578 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in AT&T by 30,527.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock valued at $338,213,000 after purchasing an additional 11,920,392 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in AT&T by 16.3% during the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock valued at $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Institutional investors own 57.10% of the company’s stock.

AT&T Stock Up 0.2%

Shares of AT&T stock opened at $28.92 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 12 month low of $19.34 and a 12 month high of $29.19. The business has a fifty day simple moving average of $27.93 and a 200 day simple moving average of $27.27. The stock has a market cap of $206.79 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 3.57 and a beta of 0.42.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. AT&T had a return on equity of 13.36% and a net margin of 10.29%. The business had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $30.44 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a dividend of $0.2775 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 3.8%. AT&T’s payout ratio is 63.07%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on T. Bank of America began coverage on AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 price target for the company. Morgan Stanley raised their price target on AT&T from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Williams Trading set a $30.00 price target on AT&T in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of AT&T in a report on Tuesday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, AT&T presently has an average rating of “Moderate Buy” and a consensus target price of $30.21.

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.