Antonetti Capital Management LLC Has $277,000 Stock Holdings in AT&T Inc. (NYSE:T)

Antonetti Capital Management LLC decreased its holdings in shares of AT&T Inc. (NYSE:TFree Report) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,467 shares of the technology company’s stock after selling 1,800 shares during the quarter. Antonetti Capital Management LLC’s holdings in AT&T were worth $277,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in AT&T by 2.2% in the 2nd quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock valued at $8,529,543,000 after buying an additional 11,639,588 shares during the last quarter. State Street Corp increased its position in shares of AT&T by 3.4% in the second quarter. State Street Corp now owns 297,085,864 shares of the technology company’s stock valued at $4,738,520,000 after acquiring an additional 9,781,352 shares during the last quarter. Newport Trust Company LLC increased its position in AT&T by 0.3% during the third quarter. Newport Trust Company LLC now owns 199,998,040 shares of the technology company’s stock worth $3,003,971,000 after buying an additional 673,043 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AT&T by 2.8% in the second quarter. Geode Capital Management LLC now owns 138,173,010 shares of the technology company’s stock valued at $2,198,463,000 after purchasing an additional 3,785,896 shares during the last quarter. Finally, Morgan Stanley grew its position in AT&T by 37.3% during the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after buying an additional 29,769,976 shares in the last quarter. Institutional investors and hedge funds own 53.65% of the company’s stock.

AT&T Trading Down 0.1 %

Shares of T stock traded down $0.01 during trading hours on Monday, reaching $16.83. 4,417,112 shares of the stock were exchanged, compared to its average volume of 42,726,938. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $16.90 and its 200-day moving average price is $15.66. The firm has a market capitalization of $120.33 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59.

AT&T (NYSE:TGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The firm had revenue of $32 billion for the quarter, compared to analysts’ expectations of $31.44 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. AT&T’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts anticipate that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.11 annualized dividend and a dividend yield of 6.60%. AT&T’s dividend payout ratio is currently 56.63%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price target on AT&T from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Morgan Stanley decreased their price target on AT&T from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Royal Bank of Canada raised their price target on shares of AT&T from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Scotiabank raised shares of AT&T from a “sector perform” rating to a “sector outperform” rating and set a $18.50 target price on the stock in a research report on Friday, October 20th. Finally, JPMorgan Chase & Co. upgraded shares of AT&T from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AT&T has a consensus rating of “Moderate Buy” and an average target price of $21.65.

Check Out Our Latest Analysis on T

AT&T Company Profile

(Free Report)

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, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores.

See Also

Institutional Ownership by Quarter for AT&T (NYSE:T)

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