Omnia Family Wealth LLC Takes Position in AT&T Inc. (NYSE:T)

Omnia Family Wealth LLC bought a new stake in shares of AT&T Inc. (NYSE:T) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,417 shares of the technology company’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of AT&T during the fourth quarter worth $1,858,418,000. GQG Partners LLC boosted its position in AT&T by 37.3% during the fourth quarter. GQG Partners LLC now owns 96,779,385 shares of the technology company’s stock worth $2,203,667,000 after acquiring an additional 26,280,866 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AT&T by 31.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,432,827 shares of the technology company’s stock valued at $1,216,665,000 after acquiring an additional 12,881,578 shares in the last quarter. Northern Trust Corp lifted its stake in AT&T by 16.3% in the 4th quarter. Northern Trust Corp now owns 78,148,354 shares of the technology company’s stock worth $1,779,438,000 after purchasing an additional 10,945,679 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in AT&T by 4,986.1% in the 4th quarter. Assetmark Inc. now owns 9,913,960 shares of the technology company’s stock worth $225,741,000 after purchasing an additional 9,719,036 shares in the last quarter. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Upgrades and Downgrades

T has been the subject of a number of analyst reports. Cowen restated a “hold” rating on shares of AT&T in a research report on Thursday, April 24th. Royal Bank Of Canada upped their target price on AT&T from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $31.00 target price (up from $30.00) on shares of AT&T in a research note on Thursday, April 24th. Scotiabank reaffirmed an “outperform” rating on shares of AT&T in a research note on Thursday, April 24th. Finally, Tigress Financial raised their target price on AT&T from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and a consensus target price of $28.76.

AT&T Stock Down 1.2%

Shares of NYSE:T opened at $27.93 on Thursday. The business has a 50-day moving average price of $27.59 and a 200 day moving average price of $25.87. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 4.01 and a beta of 0.41. AT&T Inc. has a 12-month low of $18.14 and a 12-month high of $29.03.

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). The business had revenue of $30.63 billion for the quarter, compared to analyst estimates of $30.39 billion. AT&T had a return on equity of 13.63% and a net margin of 9.64%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. Sell-side analysts expect that AT&T Inc. will post 2.14 EPS for the current year.

AT&T Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 3.97%. AT&T’s dividend payout ratio (DPR) is 68.10%.

AT&T 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.