Duality Advisers LP Boosts Stock Position in AT&T Inc. (NYSE:T)

Duality Advisers LP boosted its holdings in shares of AT&T Inc. (NYSE:T) by 119.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,525 shares of the technology company’s stock after purchasing an additional 43,800 shares during the quarter. Duality Advisers LP’s holdings in AT&T were worth $1,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of AT&T by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 622,406,459 shares of the technology company’s stock valued at $10,443,980,000 after acquiring an additional 2,155,232 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AT&T by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 75,484,518 shares of the technology company’s stock valued at $1,328,528,000 after acquiring an additional 4,014,873 shares during the last quarter. Norges Bank bought a new stake in shares of AT&T in the 4th quarter valued at approximately $1,118,288,000. Charles Schwab Investment Management Inc. boosted its position in AT&T by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,589,421 shares of the technology company’s stock valued at $848,888,000 after purchasing an additional 798,024 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in AT&T by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 47,377,267 shares of the technology company’s stock valued at $794,978,000 after purchasing an additional 1,137,792 shares during the period. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Trading Down 0.3 %

Shares of AT&T stock traded down $0.05 on Friday, reaching $18.81. 26,006,848 shares of the company were exchanged, compared to its average volume of 36,301,734. The stock has a fifty day moving average price of $17.94 and a 200-day moving average price of $17.31. The firm has a market capitalization of $134.87 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 3.54 and a beta of 0.58. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. AT&T Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $19.32.

AT&T (NYSE:T) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $30.03 billion for the quarter, compared to analyst estimates of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. AT&T’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. On average, analysts expect that AT&T Inc. will post 2.23 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 5.90%. The ex-dividend date is Wednesday, July 10th. AT&T’s payout ratio is 59.68%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on T shares. Deutsche Bank Aktiengesellschaft boosted their price objective on AT&T from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Scotiabank boosted their price target on AT&T from $22.50 to $23.00 and gave the stock a “sector outperform” rating in a research report on Wednesday. The Goldman Sachs Group assumed coverage on AT&T in a research report on Monday, July 1st. They set a “buy” rating and a $22.00 price target for the company. Oppenheimer reiterated an “outperform” rating and set a $21.00 price target on shares of AT&T in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $18.00 price target on shares of AT&T in a research report on Wednesday. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, AT&T currently has a consensus rating of “Moderate Buy” and an average target price of $21.85.

About AT&T

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.