Bridgewater Advisors Inc. Has $910,000 Stock Position in AT&T Inc. (NYSE:T)

Bridgewater Advisors Inc. raised its stake in shares of AT&T Inc. (NYSE:T) by 3.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 33,345 shares of the technology company’s stock after acquiring an additional 1,169 shares during the quarter. Bridgewater Advisors Inc.’s holdings in AT&T were worth $910,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in T. Keystone Financial Group boosted its holdings in shares of AT&T by 196.3% in the 4th quarter. Keystone Financial Group now owns 216,980 shares of the technology company’s stock worth $5,322,000 after acquiring an additional 143,744 shares in the last quarter. Capstone Wealth Management LLC bought a new stake in shares of AT&T in the 1st quarter valued at $201,000. World Investment Advisors boosted its stake in AT&T by 36.4% in the 4th quarter. World Investment Advisors now owns 237,477 shares of the technology company’s stock worth $5,407,000 after purchasing an additional 63,359 shares during the period. DigitalBridge Group Inc. boosted its stake in AT&T by 14.6% in the 4th quarter. DigitalBridge Group Inc. now owns 2,865,814 shares of the technology company’s stock worth $65,255,000 after purchasing an additional 365,776 shares during the period. Finally, Huber Capital Management LLC boosted its stake in AT&T by 2.7% in the 4th quarter. Huber Capital Management LLC now owns 577,985 shares of the technology company’s stock worth $13,161,000 after purchasing an additional 15,000 shares during the period. 57.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on T shares. Citigroup reiterated a “buy” rating on shares of AT&T in a research note on Tuesday, June 17th. Wall Street Zen upgraded shares of AT&T from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Royal Bank Of Canada raised their target price on shares of AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. UBS Group restated a “buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of AT&T in a research report on Wednesday, June 18th. Finally, Tigress Financial raised their target price on shares of AT&T from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.12.

AT&T Trading Down 0.6%

NYSE:T opened at $27.00 on Wednesday. AT&T Inc. has a one year low of $18.14 and a one year high of $29.19. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a 50-day moving average of $27.79 and a 200-day moving average of $26.38. The company has a market cap of $194.28 billion, a PE ratio of 16.56, a PEG ratio of 3.39 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm had revenue of $30.63 billion during the quarter, compared to the consensus estimate of $30.39 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Thursday, July 10th. AT&T’s dividend payout ratio is currently 68.10%.

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.