KBC Group NV Boosts Holdings in AT&T Inc. $T

KBC Group NV raised its position in AT&T Inc. (NYSE:T) by 37.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,004,013 shares of the technology company’s stock after purchasing an additional 547,211 shares during the period. KBC Group NV’s holdings in AT&T were worth $57,996,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in AT&T during the second quarter worth about $5,266,758,000. Nuveen LLC purchased a new stake in shares of AT&T in the 1st quarter valued at about $1,072,128,000. GQG Partners LLC boosted 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 valued at $3,222,711,000 after acquiring an additional 17,177,874 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of AT&T by 30,527.5% during the first 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 in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of AT&T by 350.4% in the first quarter. Wellington Management Group LLP now owns 11,363,940 shares of the technology company’s stock worth $321,372,000 after purchasing an additional 8,841,126 shares during the last quarter. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of AT&T from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup restated a “buy” rating on shares of AT&T in a research report on Tuesday, August 26th. Royal Bank Of Canada cut 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. Raymond James Financial reissued a “strong-buy” rating and issued a $33.00 target price (up previously from $31.00) on shares of AT&T in a research note on Thursday, September 18th. Finally, Cowen reaffirmed a “hold” rating on shares of AT&T in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.64.

AT&T Price Performance

T opened at $25.64 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01. The stock has a market capitalization of $181.74 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.40. The stock’s 50 day moving average price is $26.91 and its 200-day moving average price is $27.58. AT&T Inc. has a 52-week low of $21.38 and a 52-week high of $29.79.

AT&T (NYSE:T) last announced its quarterly earnings results on Wednesday, October 22nd. The technology company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $30.71 billion during the quarter, compared to analyst estimates of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, equities research analysts predict that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Announces Dividend

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

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.