Invesco LLC trimmed its position in AT&T Inc. (NYSE:T – Free Report) by 8.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,322 shares of the technology company’s stock after selling 1,193 shares during the quarter. Invesco LLC’s holdings in AT&T were worth $303,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AT&T in the 2nd quarter valued at approximately $44,000. Scientech Research LLC bought a new stake in AT&T in the second quarter worth approximately $219,000. Driehaus Capital Management LLC acquired a new position in shares of AT&T during the 2nd quarter worth $237,000. NewEdge Advisors LLC raised its holdings in shares of AT&T by 7.2% during the 2nd quarter. NewEdge Advisors LLC now owns 473,303 shares of the technology company’s stock valued at $9,045,000 after purchasing an additional 31,661 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in AT&T by 2.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 700,577 shares of the technology company’s stock worth $13,388,000 after purchasing an additional 18,869 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.
AT&T Price Performance
T stock traded up $0.30 during midday trading on Wednesday, reaching $24.70. 5,575,235 shares of the company’s stock traded hands, compared to its average volume of 37,399,512. The company has a 50-day simple moving average of $22.86 and a two-hundred day simple moving average of $21.55. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 1.09. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The company has a market cap of $177.19 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.50 and a beta of 0.59.
AT&T Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.49%. AT&T’s dividend payout ratio is currently 90.24%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on T shares. The Goldman Sachs Group boosted their target price on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup boosted their price objective on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of AT&T from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Tuesday. Scotiabank boosted their target price on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Finally, Evercore ISI lifted their price objective on AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AT&T presently has a consensus rating of “Moderate Buy” and an average target price of $26.11.
View Our Latest Research Report on AT&T
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.
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