CBIZ Investment Advisory Services LLC Purchases 446 Shares of AT&T Inc. $T

CBIZ Investment Advisory Services LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 12.6% in the 1st quarter, Holdings Channel reports. The firm owned 3,982 shares of the technology company’s stock after purchasing an additional 446 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in AT&T were worth $113,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of AT&T in the 1st quarter valued at about $1,072,128,000. GQG Partners LLC raised its stake 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 purchasing an additional 17,177,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AT&T by 31.8% in 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 purchasing an additional 12,881,578 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in shares of AT&T by 30,527.5% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,959,440 shares of the technology company’s stock worth $338,213,000 after purchasing an additional 11,920,392 shares during the period. Finally, Wellington Management Group LLP raised its holdings in AT&T by 350.4% during the 1st quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock valued at $321,372,000 after acquiring an additional 8,841,126 shares during the period. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

T has been the topic of several research analyst reports. UBS Group set a $32.00 price target on shares of AT&T in a report on Thursday, September 4th. HSBC lowered shares of AT&T from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Thursday, July 24th. Bank of America assumed coverage on shares of AT&T in a report on Monday, July 7th. They set a “buy” rating and a $32.00 target price for the company. Sanford C. Bernstein increased their price target on shares of AT&T from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, Scotiabank increased their price target on shares of AT&T from $29.50 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AT&T presently has an average rating of “Moderate Buy” and an average target price of $30.60.

AT&T Stock Up 1.0%

Shares of T stock opened at $29.49 on Friday. The company has a market capitalization of $210.87 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 3.63 and a beta of 0.44. AT&T Inc. has a one year low of $21.05 and a one year high of $29.79. The company’s fifty day moving average price is $28.28 and its 200-day moving average price is $27.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.81 and a quick ratio of 0.76.

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

AT&T Announces Dividend

The company also recently declared 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 currently 63.07%.

AT&T 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.