AT&T Inc. (T) Shares Bought by 1st Global Advisors Inc.
1st Global Advisors Inc. raised its position in shares of AT&T Inc. (NYSE:T) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,578 shares of the company’s stock after buying an additional 4,319 shares during the period. AT&T comprises approximately 0.6% of 1st Global Advisors Inc.’s investment portfolio, making the stock its 14th largest position. 1st Global Advisors Inc.’s holdings in AT&T were worth $4,937,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Capital International Investors increased its stake in AT&T by 230.7% in the second quarter. Capital International Investors now owns 17,502,280 shares of the company’s stock valued at $756,274,000 after buying an additional 12,209,300 shares in the last quarter. Vanguard Group Inc. increased its stake in AT&T by 2.6% in the second quarter. Vanguard Group Inc. now owns 384,136,905 shares of the company’s stock valued at $16,598,555,000 after buying an additional 9,838,198 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in AT&T during the second quarter valued at about $387,606,000. BlackRock Fund Advisors increased its stake in AT&T by 6.4% in the second quarter. BlackRock Fund Advisors now owns 84,651,726 shares of the company’s stock valued at $3,657,801,000 after buying an additional 5,072,060 shares in the last quarter. Finally, FMR LLC increased its stake in AT&T by 6.4% in the second quarter. FMR LLC now owns 80,965,668 shares of the company’s stock valued at $3,498,528,000 after buying an additional 4,882,241 shares in the last quarter. Institutional investors own 52.80% of the company’s stock.
Shares of AT&T Inc. (NYSE:T) traded down 0.427% during midday trading on Friday, reaching $40.835. The company’s stock had a trading volume of 5,366,904 shares. AT&T Inc. has a 12 month low of $33.43 and a 12 month high of $43.89. The stock’s 50 day moving average is $41.09 and its 200 day moving average is $40.59. The stock has a market capitalization of $250.77 billion, a PE ratio of 17.369 and a beta of 0.37.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Tuesday, January 10th will be paid a $0.49 dividend. This is an increase from AT&T’s previous quarterly dividend of $0.48. This represents a $1.96 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, January 6th. AT&T’s payout ratio is presently 83.40%.
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Several research firms recently commented on T. Vetr cut AT&T from a “hold” rating to a “sell” rating and set a $41.10 target price for the company. in a research note on Thursday, December 22nd. Barclays PLC reissued a “buy” rating and set a $45.00 target price on shares of AT&T in a research note on Monday, September 26th. HSBC raised AT&T from a “reduce” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Monday, September 26th. Deutsche Bank AG reissued a “hold” rating and set a $43.00 target price (down from $44.00) on shares of AT&T in a research note on Wednesday. Finally, Zacks Investment Research cut AT&T from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. AT&T currently has a consensus rating of “Hold” and an average target price of $43.16.
In other AT&T news, Director Geoffrey Y. Yang acquired 27,129 shares of AT&T stock in a transaction dated Tuesday, October 25th. The stock was acquired at an average cost of $36.91 per share, for a total transaction of $1,001,331.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
AT&T Company Profile
AT&T Inc is a holding company. The Company offers communications and digital entertainment services in the United States and the world. It operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Business Solutions segment includes various categories, including wireless service, fixed strategic services, legacy voice and data services, other services and wireless equipment.
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