IFM Investors Pty Ltd Grows Position in AT&T Inc. (T)
IFM Investors Pty Ltd increased its position in shares of AT&T Inc. (NYSE:T) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,114 shares of the technology company’s stock after purchasing an additional 4,412 shares during the period. AT&T makes up about 1.1% of IFM Investors Pty Ltd’s portfolio, making the stock its 12th biggest holding. IFM Investors Pty Ltd’s holdings in AT&T were worth $6,742,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new position in AT&T in the 2nd quarter valued at $1,132,000. Financial Consulate Inc. raised its holdings in AT&T by 8.3% in the 2nd quarter. Financial Consulate Inc. now owns 22,436 shares of the technology company’s stock valued at $847,000 after acquiring an additional 1,715 shares in the last quarter. Northstar Wealth Partners LLC raised its holdings in AT&T by 0.7% in the 2nd quarter. Northstar Wealth Partners LLC now owns 71,932 shares of the technology company’s stock valued at $2,649,000 after acquiring an additional 490 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in AT&T by 2.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,690,460 shares of the technology company’s stock valued at $180,724,000 after acquiring an additional 102,861 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of AT&T by 4.0% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 35,766 shares of the technology company’s stock valued at $1,349,000 after purchasing an additional 1,384 shares during the last quarter. 55.14% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on T. Vetr lowered AT&T from a “strong-buy” rating to a “buy” rating and set a $40.01 price target on the stock. in a research note on Tuesday, February 13th. Argus reiterated a “buy” rating and issued a $36.83 price target (down previously from $48.00) on shares of AT&T in a research note on Wednesday, February 7th. Bank of America lifted their price target on AT&T from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. ValuEngine lowered AT&T from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks lifted their price target on AT&T from $36.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the stock. AT&T has a consensus rating of “Hold” and an average target price of $41.92.
Shares of AT&T Inc. (NYSE:T) opened at $36.35 on Friday. The firm has a market capitalization of $223,240.00, a price-to-earnings ratio of 24.40, a P/E/G ratio of 2.51 and a beta of 0.39. AT&T Inc. has a 52-week low of $32.55 and a 52-week high of $42.70. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.89.
AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.13. The business had revenue of $41.68 billion for the quarter, compared to analyst estimates of $41.21 billion. AT&T had a return on equity of 14.55% and a net margin of 18.34%. AT&T’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. analysts forecast that AT&T Inc. will post 3.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.50%. This is a positive change from AT&T’s previous quarterly dividend of $0.49. AT&T’s payout ratio is currently 134.23%.
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AT&T Inc is a holding company. The Company is a provider of communications and digital entertainment services in the United States and the world. The Company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility and International. The Company offers its services and products to consumers in the United States, Mexico and Latin America and to businesses and other providers of telecommunications services worldwide.
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