AT&T Inc. (T) Stake Increased by QV Investors Inc.
QV Investors Inc. raised its position in AT&T Inc. (NYSE:T) by 33.3% during the third quarter, HoldingsChannel.com reports. The firm owned 2,161,186 shares of the technology company’s stock after purchasing an additional 539,605 shares during the period. AT&T makes up 7.1% of QV Investors Inc.’s portfolio, making the stock its 3rd biggest position. QV Investors Inc.’s holdings in AT&T were worth $84,653,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. New Capital Management LP raised its position in AT&T by 130.9% in the 3rd quarter. New Capital Management LP now owns 2,646 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,500 shares during the period. Macroview Investment Management LLC grew its stake in AT&T by 144.3% in the 3rd quarter. Macroview Investment Management LLC now owns 2,700 shares of the technology company’s stock worth $106,000 after acquiring an additional 1,595 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in AT&T in the 1st quarter worth about $109,000. Mountain Capital Investment Advisors Inc bought a new position in AT&T in the 2nd quarter worth about $134,000. Finally, CKW Financial Group grew its stake in AT&T by 83.9% in the 2nd quarter. CKW Financial Group now owns 3,780 shares of the technology company’s stock worth $144,000 after acquiring an additional 1,724 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors.
T has been the topic of a number of research analyst reports. Jefferies Group restated a “buy” rating and issued a $36.38 target price (down from $48.00) on shares of AT&T in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of AT&T from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Vetr downgraded shares of AT&T from a “strong-buy” rating to a “buy” rating and set a $42.75 target price on the stock. in a research note on Tuesday, September 26th. Deutsche Bank dropped their target price on shares of AT&T from $41.00 to $38.00 and set a “hold” rating on the stock in a research note on Wednesday, October 25th. Finally, Moffett Nathanson restated a “neutral” rating on shares of AT&T in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.59.
AT&T Inc. (NYSE:T) opened at $37.49 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.60 and a current ratio of 1.60. AT&T Inc. has a one year low of $32.55 and a one year high of $42.70. The stock has a market cap of $230,150.00, a P/E ratio of 18.02, a PEG ratio of 3.14 and a beta of 0.44.
AT&T (NYSE:T) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). AT&T had a net margin of 8.00% and a return on equity of 14.49%. The business had revenue of $39.67 billion for the quarter, compared to the consensus estimate of $40.34 billion. During the same quarter in the prior year, the business posted $0.74 earnings per share. AT&T’s revenue for the quarter was down 3.0% on a year-over-year basis. analysts predict that AT&T Inc. will post 2.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This is an increase from AT&T’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.33%. AT&T’s dividend payout ratio (DPR) is currently 94.23%.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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