Mediolanum International Funds Ltd Has $30.98 Million Stock Holdings in AT&T Inc. $T

Mediolanum International Funds Ltd trimmed its position in AT&T Inc. (NYSE:T) by 13.9% during the second quarter, Holdings Channel reports. The firm owned 1,103,258 shares of the technology company’s stock after selling 178,723 shares during the quarter. Mediolanum International Funds Ltd’s holdings in AT&T were worth $30,979,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of T. White Pine Capital LLC lifted its position in shares of AT&T by 1.9% in the second quarter. White Pine Capital LLC now owns 84,947 shares of the technology company’s stock valued at $2,458,000 after buying an additional 1,600 shares during the last quarter. MAI Capital Management lifted its holdings in AT&T by 1.2% during the 2nd quarter. MAI Capital Management now owns 475,707 shares of the technology company’s stock valued at $13,767,000 after purchasing an additional 5,775 shares during the last quarter. Neo Ivy Capital Management lifted its holdings in AT&T by 2.1% during the 2nd quarter. Neo Ivy Capital Management now owns 75,588 shares of the technology company’s stock valued at $2,188,000 after purchasing an additional 1,570 shares during the last quarter. DNB Asset Management AS boosted its position in AT&T by 21.2% during the second quarter. DNB Asset Management AS now owns 2,026,055 shares of the technology company’s stock worth $58,634,000 after purchasing an additional 354,198 shares during the period. Finally, Magnetar Financial LLC acquired a new position in shares of AT&T in the second quarter valued at $9,035,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

T has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of AT&T from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Sanford C. Bernstein increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of AT&T in a research report on Wednesday, October 8th. Hsbc Global Res downgraded AT&T from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Finally, UBS Group reaffirmed a “buy” rating on shares of AT&T in a report 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

AT&T Trading Up 1.1%

Shares of T stock opened at $25.55 on Friday. The stock’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $27.50. The company has a market cap of $181.12 billion, a PE ratio of 8.29, a P/E/G ratio of 2.16 and a beta of 0.40. AT&T Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.96 and a current ratio of 1.01.

AT&T (NYSE:T) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $30.71 billion during the quarter, compared to the consensus estimate of $30.85 billion. AT&T had a return on equity of 12.72% and a net margin of 17.87%.AT&T’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

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