Waters Parkerson & CO. LLC Lowers Stock Holdings in AT&T Inc. (NYSE:T)

Waters Parkerson & CO. LLC cut its position in shares of AT&T Inc. (NYSE:TFree Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 99,355 shares of the technology company’s stock after selling 1,840 shares during the quarter. Waters Parkerson & CO. LLC’s holdings in AT&T were worth $1,492,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of AT&T by 2.2% in the second quarter. BlackRock Inc. now owns 534,767,576 shares of the technology company’s stock worth $8,529,543,000 after acquiring an additional 11,639,588 shares during the last quarter. State Street Corp raised its holdings 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 worth $4,738,520,000 after acquiring an additional 9,781,352 shares during the last quarter. Newport Trust Company LLC raised its holdings in shares of AT&T by 0.3% in 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 acquiring an additional 673,043 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $2,198,463,000 after acquiring an additional 3,785,896 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of AT&T by 37.3% in the fourth quarter. Morgan Stanley now owns 109,639,428 shares of the technology company’s stock worth $2,018,462,000 after acquiring an additional 29,769,976 shares during the last quarter. 53.65% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 0.1 %

Shares of NYSE T traded up $0.02 on Monday, hitting $16.86. The company had a trading volume of 2,020,997 shares, compared to its average volume of 42,696,473. AT&T Inc. has a 12-month low of $13.43 and a 12-month high of $19.99. The business has a 50 day moving average of $16.90 and a two-hundred day moving average of $15.66. The company has a quick ratio of 0.67, a current ratio of 0.71 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $120.55 billion, a P/E ratio of 8.59, a PEG 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 the consensus estimate of $0.55 by ($0.01). AT&T had a return on equity of 15.39% and a net margin of 11.76%. The business had revenue of $32 billion during the quarter, compared to analyst estimates of $31.44 billion. During the same quarter last year, the firm posted $0.61 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that AT&T Inc. will post 2.24 earnings per share for the current fiscal year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.2775 dividend. This represents a $1.11 annualized dividend and a dividend yield of 6.58%. The ex-dividend date was Tuesday, January 9th. AT&T’s dividend payout ratio (DPR) is 56.63%.

Wall Street Analysts Forecast Growth

T has been the subject of a number of analyst reports. StockNews.com raised AT&T from a “hold” rating to a “buy” rating in a report on Thursday. Oppenheimer raised AT&T from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, January 19th. Citigroup lifted their price objective on AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Scotiabank raised AT&T from a “sector perform” rating to a “sector outperform” rating and set a $18.50 price objective for the company in a research report on Friday, October 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.65.

View Our Latest Report on T

About AT&T

(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.

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

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